Bayad Center Franchise: Costs, Fees and How to Start One
Time is Gold. This is a famous quotation and indeed holds true and is very applicable especially to busy individuals nowadays. In this fast paced life, one has to look for convenience in everything that he or she does and this includes being in a place where you can simultaneously perform tasks that addresses very basic needs. This includes money matters such as monthly bills to pay and even remittances which are now considered as a basic need to fulfill. To whichever status you may belong in society, one of these is your monthly itinerary. To answer all of these (monthly) household concerns, Bayad Center was born to conveniently make way to make life easy especially for Filipinos.
Company History
Bayad Center which is a sister company of the Manila Electric Company (MERALCO) plays in the Outsourced Payment Collection Industry. It pioneered the concept of providing convenience when it comes to bills payment collection. The company started in 1997 and was known as the Payment Collection Service, a division of Corporate Information Solutions, Inc. or CIS. Then in 2006 it became CIS Bayad Center, Inc. In the vision that they want to be accessible to all parts of the country, CBCI ventured into franchising. The success of the company then started as many awards have been given to acknowledge its noble way of doing business. Today, Bayad Center is the leader in the over the counter multiple bills payment collection business providing convenience to all Filipino families. It provides services in almost all sectors including utilities, government service, telecommunications, cable TV, internet insurance, pre-need, healthcare, transportation, electronic wallet, credit card, real estate, financial services, arts & entertainment, columbary, memorial park, and charities.
Bayad Center Services
The company offers and accepts three major services to its clients. These are (1) Remittance Pay-out. This means that if you have funds from abroad deposited through partner banks, you can pick it up conveniently at any Bayad Center outlets without hassle and worries. (2) Business Center Services. This is where you can process any consumer applications such as credit cards to loans with a long list from partner banks. Loading services are also made available with any networks. (3) Bills Payment. This is the where convenience is clearly depicted as the list goes on. From tuition fee payments to real estates and even entertainment, name it, they have it all.
Franchise Details: Franchise Fees, and Costs of Perating a Bayad Center Franchise in the Philippines
For interested entrepreneurs who would like to venture into offering a unique kind of business such as a Bayad Center outlet. Here are some important franchise information. Franchise Fee is P350,00.00 (exclusive of 12% VAT) with a term of five (5) years. Equipments needed for the outlet is estimated to be around P120,000.00 and renovation cost is around P130,000.00. There is a cash bond amounting to P600,00.00. The needed floor space is 15 square meters (minimum). The return on investment is projected to be around two (2) years. In summary, the total investment cost is approximately P1.2 Million pesos.
How Do I Earn in This Kind of Business?
Simple, for every transaction, the franchisee earns the following:
- Payment collection (P6.00-7.50/transaction)
- Money remittance service (P55.00/transaction)
- Credit card application (P200/approved application)
This means that franchises earn service fees from every payment transaction, thus if the location of the center is very accessible, high traffic and has flexible business hours, it’s a guarantee that profit will surely rise. Also, if the franchisee has already an existing business, adding Bayad Center services will attract more customers and will even ensure loyalty with you.
Steps on How to Become a Bayad Center Franchise
Below are the steps you need to do if interested to franchise a Bayad Center in your area:
- Log on to Bayad Center official website at bayadcenter.com.
- Fill in the on-line contact information found at the Contact Us Icon
- Choose the “Franchise Inquiry” in the Category box
- Type in details of your inquiry in the message box
- Wait for the response of the company to your inquiry
For Your Franchising Inquiries, Contact the Following:
ANTONETTE P. GIRAY mpgiray@cis.com.ph
MS. ABHIGAIL A. OCAMPO aaocampo@cis.com.ph
MS. TZADDI CARREON trcarreon@cis.com.ph
Tel: (02) 631-2222 local 6067
Mobile: (0925) 814-3266
Check out their office address at:
CIS Bayad Center Inc.,
Business Solutions Center
Meralco Complex, Ortigas Avenue,
Pasig City, Philippines
Tel. (632) 1622 6067
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Gud pm tanong ko lng po kung wla n po b baba don sa 1.2m?
ff
magkano po francise ng bayad center
Gud AM po,Magkano po mag franchise sa Bayad CENTER
magkano po ang franchise fee ng Bayad Center at paano po kumuha ng franchise nito?
how much po ang franchise fee ng Bayad Center at paano po kumuha ng franchise nito?
How much to francise a bayad center.
magkano po francise ng bayad center
Magkano po ang bayad s franchise kung si mga bills lng
hawak po ba ng GOCC ang bayad center?
Do you have a little lower investment to start with. thanks po.
Do you have a little lower investment to start with. thanks po.
parang like koyan?? how po
magkano po ang pinakamaliit na investment for this bill payment only
Meh updated b ng frenchise fee? Medyo malaki 1.2milyon . Meh salary p employee at utililty bills
Pano ang salary ng employee saka piano ung hause rental o ng bldg.
sagot na ng franchisee yun
magkano ang puhunan sa isang malliit na bayad center sa baranggay lang
Hi.Im vann from cavite.how much the cost of franchising?What is the requirements?pls pm me at 09182628180.thanks.
meron po ba ung magiging extension lng po
mag kano po pag for billing lang po?
bat d nyo po Subukan ung COINS.Ph meron po ung bills payment.makakapagload n dn kau all network. try nyo po un kc gnawa q tumatanggap aq bills basta 3days before due date.ok nmn po kitaanan lalo n pag madami kna costumer.pagawa nlng kau tarpuline. use my referral code “whvnec”
Hi may I ask if you’re charging extra fee pa kapag nag aaccept ka ng bills payment sa coins.ph? Im planning to use coins.ph also as bill payment service.
Thanks in advance:)
HOW MUCH PO ANG FRANCHISE AT ALL COST NG FRANCHISE NG BAYAD CENTER
Magknu po ung franchise lng s barangay? Mas ok po kc kpag s brgy lng ang bayad center. For meralco and maynilad kc ang pinaka mrming nagbbyad. Wla po bang mas mura?
Interesado po ako sa bayad center kc sa lugar nmin malayo ang mga bayad center. meron po ba mas mababa lng sa 350k. like meralco and water payment only? Salamat po sa sasagot.
Bills payment lang po sana para lang sa mga residents ng subdivision namin. Mga magkano po kaya capital needed.
Thank you po.
HI! i own a payment center herei iloilo. But i AM PLANNING TO CHANGE to abtter payment center that could give a better income oppurtunity. I would like to ask if how much yung franchise fee nang BAYAD CENTER.
HOw much po ang franchise ng bayad center,balak k sana magtayo dito sa amin barangay.Ty
How much ang franchise kung bills payment lang like meralco, maynilad, pldt, cable lang?
How much is the capital need in this business. Thank you and God bless !!
How much po ang cost for small bayad center franchise?
How much po kapag mg franchise if ang location is sa barangay lng.thank you
How much po lahat kung bill payment lng w/out remmitance???
For Bills Payment lang po sana, how much po yun? Thanks
Do you have a little lower investments for bayad center?
How much capital needed for small bayad center in a residential subd. Bills payment & remittance.what are the requirements. PM n lng po. Thanks
Magkano po kung bill payments lang at remittance from one place to another? Di po ba mas mababa kung within the barangay lang ang location?
How much po if bills payment lang ang ifranchise within a subdivision? Thank you.
how much would it cost for remittance?thanks.
Bayad center in our barangay only and can also be.sending or claim of remitances within our barangay…tnx po
How much will i ned to start kaya i just really wanted to have small home bisinesa in our place…how to much to pay for the franchise
How much is the franchise Fee for Bayad Center. Thnx
Maganda po yung place ko nasa rotonda kami sa katunayan meron ako bakery at maykasama ng grocery malakas ang bakery namin maykatabi ako na barbershop na umuupa sa amin plano ko paalisin at lagyan ko ng bayad center bali may building na ako ang space niya almost 15 sq/m. Ang layo nami sa bayan ay 1 km kaya lang matraffic papunta doln kaya naiispan ko maglagay ng bayad center. Tanong ko lang yung bang 350, 000 na franchise fee after the contract di ko na makukuha.
How much po ang cost ng maliit n bayad center
Good evening,pwede ba Bayad Center n Home based lang? Kung pwede How much yung franchaise or Members fee? Thanks and God Bless
Hello, magkno po ba franchise ng bayad center? Thanks
Puro “how much?” ang tanong nyo. Hindi nyo ba binasa yung article???
good pm, do you have package lower then 1.2m?
details po how to franchise bayad center..thank u po..
I am interested to franchise your service…. wala ba kayongpay staggard payment cheme…. patulong naman po. In ten years’ time, i will be retiring. Kaya kailangan kong may pagkakitaan na eatablished ko na… Salamat po.
Magkano po pinaka low na offer nyo sa bills payment lang po?
why is there a cash bond of 600th aside from the franchise fee and rennovstion and equipment fee? what for is the cash bond?
How much the franshise fee sa starting business like me. Small business
How much the franchise fee sa starting business like me. Small business
Merun po ako puwesto na mini groceries,harapan lang ng bahay ko at gusto ko po nagkaroon ng bayad center at ako po mismo mag ooperate, merun po ba medyo mas mababa sa 350K na franchisa?
Salamat po sa sasagot
General Trias cavite
meron po ba kayong hulugan na franchise fee?
my Photo shop po kasi ako..dagdag income lang po sana.
we would like to open a bayad ceter please send me details, including cost, i mean all expenses. then what documents to prepare. ASAP
[…] Photo credit: iFranchise.ph […]
I tried to send an email to the addresses stated but they all returned saying there is no domain cis.com.ph. Can anyone please help.Thank you.
Wala bang mas mababa sa 1.2m? Gusto ko sana mag avail franchise kaso masyado malaki…
Hi mam I have offered for you…
Para magkaroon ka ng own bayad center…
Gusto ko sana po mag attend ng seminar para maliwagan ang mga detail about the business kung meron po. Thanks
How much the capital need for franchising.
Pano po pag bills payment lng muna sa house muna pwesto ko may tindahan ako.
Hi mam message me may offer po ako sayu pwede khit sa bahay LNG pwede ka mgbayad ng mga bills,
I am a petron dealer. Do u have special offer for us. Quite interested in franchising bayadcenter.
Hello Po,
You have mentioned about renovation fee.Is there a standard requirements for the building or structure? How about the equipments? are they provided for or we can use our old laptop or desktop? Are you going to conduct a feasibility study to ensure that the area is conducive for this kind of business? Thank you!
Respectfully,
Banie Tingson
Want bayad center for brgy only is it possible and how much?
Do you have a staggered payment plan for the franchise package? I’m interested to franchise but the P1.2M is quite a big sum to cash out one time. Also, when do we get back the 600k cash bond?
Bakit andaming nagtatanong kung magkano, parang hindi yata nagbasa? Please, po magbasa. Ilang minutong basahan lang po yan.
Coming from a franchisee, franchising with Bayad Center is a high-risk business and worthless.
It’s risky because within 2 months we collected around P1.3M for bills payment alone. We travel to the city at least 3x a week to replenish our fund where we need to pay P120 for PUV fare + 21 for PUJ + 150 for food.
Worthless because after 2 months of hard work, we got our first SOA. We got less than 2,000 pesos and to think the month for that SOA was the highest transactions we had. After receiving our SOA, we just laughed and we were full of regrets.
We invested our savings abroad and it’s a wasted 2 months. We cannot replace our self because this can’t even pay the internet connection we have or even the electricity bill we use for the printer and computer.
magkano po ang pinakamababa na franchise fee kung may store space na ako at ang lowest cash bond?
How much po pag bills payment lang pod ang kunin?
good day!!
pano po mag franchise ng bayad center and how much po! thank you…. very interested…
I would like to inquire how to franchise Bayad Center
Thanks
Magkano po magfranchise?
Mag kano po ang franchise NG bayad center po
magkano po franchise ng bayad center and whats the requirements? thanks
Hm is the franchise?
Hm?
I just lost my job abroad. I’d like to start a business.
How to start this bayad center po?
sana lang di maka apekto yung app ng bayad center sa mga franchise owner.
Meron po bang lifetime franchise sa bayad center? If meron, how much it costs naman po? Thanks po sa reply
how to franchise bayad center, how much
how to franchise bayad center, how much it cost
magkano po pinaka mababang puhunan para makapag start kahit electric bills,water bills at internet bills
magkano po pinaka mababang puhunan para makapag start kahit electric bills,water bills at internet bills,credit card payments
How much for the franchising?