finitema.com

Web Credit Recharge System
The web recharge system enables members to top-up the credit level in their e-wallet for web transactions. The Web Credit remains the possession of the account holder but diminishes with usage. The Spending Credits in the e-wallets of members are not convertible to cash and are not transferable between e-wallets of members. When payment is made for an item, the Spending Credit of the Buyer is debited and the Income Credit of the Seller is credited. Members can cash-out from the Income Credit of the e-wallet when they fill and submit the Withdrawal Form.

Sources of Web Credit
Web Codes translate to Web Credit when loaded into a member’s web account. Web credit is electronic money and remains the possession of the owner until utilized.

Online Source: The codes can be purchased directly from the website after payment. A member will simply fill and submit the Web Code Order Form in the client section of the website. Payment for Web Code Order can be made with online bank transfer, direct bank deposit or other online options. The Bank information of the Recharge Dealer will be captured on the Order Form.

Offline Source: Printed Recharge Vouchers can be purchased from accredited outlets. The Codes can be printed as Vouchers and will remain in custody of the Dealer. Dealers can download from their web account, print and sell to members who are not conversant with the online process.

Usage of Finitema Web Recharge Code
The Codes on the printed Voucher translate to Web Credit and give nominal face value when loaded into a member’s account on the website. Finitema recharge voucher is designed to connect members without internet access to the program with their GSM phones. Web credit serves three major uses in a member’s account, but retains its value if there are no transactions in the account. Every usage adds value to member.

Online Shopping:
A member can make online orders if there is adequate credit in their e-wallet account. They can click on ‘ORDER’ button to order products and click ‘PAY’ on product delivery. Payments for Orders will debit the Web Credit Account in e-wallet of a member.

Platform Services:
The Payments for platform services like bulk SMS broadcast, Banner Adverts, Classified Adverts, Seminar Fees, Enrollment Fees, Activation Fees and other Services will debit the Web Credit in the e-wallet of the member.

Investment Instrument:
Participation in Modified Bid transactions is a form of investment. Payments for such transactions will debit the web credit account and not income account. Participation in this process attracts Bid Points and Airtime. The Bid Points qualify a member to access Resources in Prize-Care, Bonus-Care, Biz-Care, Edu-Care and some more. The Airtime enables them to earn from banner adverts. The inflow from these Resources will credit the Income Account in the e-wallet.