Collections
Blink Collections is a product that enables blinkpay customers to collect mobile money from different sources into one centralized account.(Collections account). The reasons for centralizing mobile money collections could range from adhoc needs such as collecting condolences (commonly known as Mabugo/Maziika) in case of death or emergency funds in case of emergency. Other needs for centralizing mobile money collections include online businesses that need to have their mobile money funds in one place or groups of people collecting micro payments from different sources and centralizing the funds for a given purpose (crowd funding). Whatever the need, our Blink Collections Product makes easy to collect the funds, gives SMS alerts, provides the ability to export reports off the system in different formats.
Blink Collections enables blinkpay customers to collect money from different sources and centarlizes the funds in a central blinkpay account. Each transaction can be uniquely identified. Blink collections has the following features:
1. Ability to initiate a prompt request for the user to approve the transfer of funds from their mobile money wallet to the Blinkpay collections account
2. Automated Alerts in form of Email (this is free) and SMS (this is paid for if requested) whenever a transaction happens on the collections account
3. Sub accounts with different access levels for different roles
4. Audit trail showing who initiated the payment, authorized it, cancelled it.
5. Ability to have reports in html, excel and PDF
6. Transaction statements in html, excel and PDF
Charges
For Blink Collections a 4.5% transaction fee is charged per transaction. This charge can be configured to be paid by the person making the payment (customer) in which case it will be added to the amount one is paying or deducted from the account collecting the money (the beneficiary) in which case the transaction charge will be deducted from the collected amount. The BlinkPay merchant always chooses which option to use from among these two options. A flat fee of 199 UGX is charged for mobile money payouts and 10,000 UGX flat fee is paid for bank transfers per transaction.
All transaction charges, apart from network operator charges, are reflected on the transaction statement. Should you find any charge on your statement that you do not understand, please send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. asking for an explanation.