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Unbanked
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== Business model<ref name=":0" /> == '''Using economies of scale to fuel revenue growth''' Unbanked shares in all fees generated from the users who interact with its platform either through its card programs, bank accounts, or its white-label partnerships who pay a licensing fee in addition to the sources below. Typically it is a combination of factors. <Youtube>https://youtu.be/J0T5kZHJT48</Youtube> While fees help the company make money, Unbanked wants to keep them low—and rather use economies of scale to make money from its customers. Its philosophy is: a smaller piece of a bigger pie. '''Blockcard card fees''' Monthly subcription fee: $5.00 unless you spend $750.00 or more - then it's free. {| class="wikitable" |+Blockcard card fees !Service !Fee |- |PIN transaction fee (domestic) |$1.00 |- |PIN transaction fee (internatinal) |$2.00 |- |ATM cash withdrawal fee (domestic) |$3.00 |- |ATM cash withdrawal fee (international) |$3.50 |- |ATM balance inquiry fee (domestic) |$0.50 |- |Card fee |$10.00 plastic / $50.00 metal |- |Card replacement fee |$10.00 plastic / $50.00 metal |- |Account closure / balance refund fee |$10.00 |} '''Interchange fees''' Credit card companies like VISA have negotiated interchange fees with merchants. These typically range between 1–3% of the consumer’s purchase. Unbanked shares in these interchange fees that the merchants pay; so, as the spend increases on the platform, the total revenue generated from fees does as well. '''Purchase crypto spread''' When users convert dollars to cryptocurrency Unbanked doesn't charge fees but can make money on the spread, between 0.5%–3% depending on the asset. Unbanked can achieve this through the aggregation of multiple markets while keeping the customer's price competitive. '''Future fees''' Unbanked expects to have other revenue streams as part of its roadmap as it releases products, such as remittances, borrowing, and lending, as well as larger margins that come with scale. Unbanked plans to focus on marketing its product innovation, user experience, and competitive pricing to drive growth and profitability.
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