Home Business Ideas How to Start Bayad Center Franchise – Cost, Requirements and Procedures

How to Start Bayad Center Franchise – Cost, Requirements and Procedures

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What is Bayad Center? Bayad Centers are becoming more and more popular today because of the many advantages and the convenience it brings to Filipinos. We seem to be always in a hurry and we barely have time to make bills payments sometimes and anything that could make our lives convenient and easy is needed now more than ever. Thanks to Bayad Centers which makes life easy for us.

With Bayad Centers, we get to enjoy their three major services which includes Bills Payments (bayad center online bills payment), Business Center services and Remittance Pay out. Franchising Bayad Center is guaranteed to give you a profitable business because our population is increasing in density and things like this is becoming a necessity.

If you would like to venture into this business, here are the most important things that you need to know about.

1. The cost of the bayad center franchise fee is 350,000 pesos which is valid for 5 years, and this does not yet include the 12 percent VAT. You will also have to prepare for the cost of the equipment which roughly costs 120,000, while the renovation will cost around 130,000.

2. When it comes to your location, you need to have at least 15 square meters for the floor space. If you try to compute for the approximate amount of capital you will need to invest in this business, it will reach up to 1.2 million pesos. However, you have nothing to worry because you will be able to get a return on your investment in just a matter of 2 years.

Read also: How to Start Expresspay Franchise

3. As a franchisee, you will be able to earn from this business through the charges per transaction that you make. For example, with bills payment, you earn 6 to 7 pesos per transaction, 55 pesos for money remittance and 200 pesos for every credit card application that is approved by the bank.

4. For the official application, you need to visit the official website of Bayad Center, bayadcenter.com and fill out the details and fill in the box under Franchise Inquiry. The company will respond to your query with further instructions and information regarding your application.

Note: If Bayad Center website is not working maybe you can try to contact them thru their Facebook official page at https://www.facebook.com/bayadcenterofficial