Give, Get & Sell

On the footer of the wallet home page, the Give, Get & Sell buttons are displayed.

Give = Give VulaCoin from your balance to another user
Get = Purchase VulaCoin to TopUp your balance
Sell = Sell an internet product at predefined margin and earn VulaCoin as you sell.

GIVE

By clicking on the "Give" button, users are able to send VulaCoin from their wallet to another cellphone number.

You can specify the number you want to give VulaCoin as well as the amount. Your balance will be shown on top - you cannot give more VulaCoin than your balance.

The user will be prompted to confirm the transfer - this gives the user a second chance to double check the amount and number. If correct, the user can proceed by clicking on the "Yes" button.

GET

By clicking on the "Get" button, user are presented with the various payment options of how they can purchase VulaCoin.

Similar to how a user would purchase a product, users can now purchase VulaCoin. This action will convert Rand into VulaCoin (R1 = 96VC). After a successful TopUp, the users balance wil be credited by the amount in VC they have just purchased. 

Note that the minimum purchase is highr for TopUps compare to purchasing products.

SELL

The purpose of the sell feature (reseller model) is to reach those in the community that only operates in cash. For the following scenario, let's follow the screen of the reseller, who's got means to TopUp their wallet and credit their VulaCoin balance. The reseller is going to sell a 1 Day Bundle worth R5 / 480VC to the purchaser. The completion of this sale will transfer the VulaCoin / 1 Day Bundle to the purchaser in turn for a cash payment.

So the reseller sells VulaCoin and the purchaser pays in cash.

By clicking on the sell button, the user is prompted to enter a valid cellphone number followed by selecting a product they wish to sell.

Click on the Sell button to proceed.

Note that the R5 product is being sold a discounted VulaCoin price (400VC instead of the stable conversion of R5 = 480VC). The is the merchant configurable "sales margin" that gets applied. This incentives the reseller to sell internet products. For each sale shown in this the scenario, the reseller receives a R5 coin for the sell of a R5 product, but only 400VC is deducted from the resellers wallet. This means the reseller has made 80VC in profit on this sale.

The more resellers sell, the larger their profit margin.

The reseller will be prompted to confirm the sale. This allows the reseller to double check that the correct product was selected to be sold to the correct number. 

To complete the sale, click on the Confirm button:

The Success! screen will follow after the sale has been completed and the user can close the sale dialog or sell another bundle. 

Note that if the reseller is selling to a user that has an active bundle, time based discounts will apply (If applicable).

The reseller would still receive the same sales margin as configured by the admin on the admin portal, but will be on the discounted product price as shown on the screenshot.