Outsourced Management of Prepaid Meters is a possibility for landlords who do not want to be hands on in the revenue collection management process. This is typically the case with property investors, developers, real estate agents, body corporates and organizations providing staff accommodation.

With outsourced prepaid meter management tenants pay funds for utilities to Prepaid Meters who then allocates funds to the relevant meter on behalf of the landlord. At month end, Prepaid Meters then transfers funds collected from various tenants to the landlord less a revenue collection management fee which is a minimum service fee or a percentage of the revenues collected, whichever is the greater.

Our minimum service fee is R15.00 per meter per month or 10% whichever the greater. This covers access to our website meter and revenue collection management, SMS return vending and support.

In the outsourced method the landlord has access to the Prepaid Meter Utility Management System for reporting purposes only. The landlord does not have the ability to "Add New Credit" to a meter, this task is done by Prepaid Meters. Using the Internet, the landlord has any time anywhere access and can generate any number of reports (24/7/365).

The process of re-charging outsource managed meter is a simple two-step-process:

1. User Credits Meter

2. User Generates Token (for the required utility)

The detailed process of outsource management is illustrated below:

Tenant/Meter User Task

• Tenant/Meter User credits the meter using Internet Banking, ATM, Cell phone banking, Credit Card and shortly we are also integrating to SPAR, BP Express, Shell Select, Sasol Delight and Shoprite Checkers.

Prepaid Meters Task

• The credit gets allocated automatically to the meter.

Tenant/Meter User Task

• The tenant/meter user then generates a prepaid utility token by sending an SMS to our prepaid meter vending system. The meter user decides the amount they wish to retrieve from the credit and to which utility to allocate (e.g. electricity or water).

Prepaid Meters Task

• At month end Prepaid Meters reconciles all Prepaid Meter accounts under its' management and makes payments, less management fees, to all landlords. Statements for each prepaid meter under management are despatched to the landlord by email. Landlords can also log in to the Prepaid Utilities Management System at www.prepaidmeters.net to view real-time transactions and manage their meter/s.

Landlord, Body Corporate or Managing Agent Tasks

• When the landlord receives utility bills in the month following, Prepaid Meters deposit will already be reflected in the landlords nominated bank account. The landlord can then use these funds to make timely payments on all utility bills.