Today, there are new ways to process government papers specifically in terms of payment which is faster and more convenient, Bayad Center also entertain payment for bills so you don’t need to fall in line over the counter in different respective centers or offices. If you are interested in putting up a Bayad Center franchise, then here is the information that you should know including the franchise fee, earnings commission, payback period and return on investment, and who to contact to be able to start your own Bayad Center shop in the Philippines.
About Bayad Center
Bayad Center is a pioneer in the Philippines in the industry of Outsourced Payment Collections. It was established in May 1997 and was originally known as the Payment Collection Service, a division of Corporate Information Solutions (CIS).
In 2006, Bayad Center has spun-off from CIS to become the CIS Bayad Center, Inc. A year later, as part of its mission to expand nationwide, CBCI transitioned into a franchising organization.
At present, Bayad Center is owned by Manila Electric Co. (Meralco) and is part of the Metro Pacific Investments (MPI) group of companies under Manny V. Pangilinan.
It is recognized as a leading player in the global outsourced payment collection, money remittance, e-loading, and application acceptance.
Main Services Offered
- Bills Payment
- Business Service
- Companies Accepted for Bills Payment in the Bayad Center
- Meralco (and other regional power companies such as Visayan Electric Co., PANELCO, Beneco, Davao Light, APEC, etc.)
- Maynilad, Manila Water and other water companies (Laguna Water, Subic Water, Silang Water, BP Water Works, etc.)
- Smart Communications, Sun Cellular, and PLDT
- Globe Telecom
- Digitel, PilTel, BayanTel, Subic Telecom, PT&T
- Social Security System (SSS)
- National Statistics Office (NSO)
- Land Transportation Office (LTO)
- Cebu Pacific, Philippine Airlines, Air Asia
- SkyCable, Cignal, Global Destiny, MyCATV
- PhilamLife, Manulife, SunLife Financial, PruLife, CocoLife, etc.
Others Franchise Fee
The franchise fee for a Bayad Center is estimated at P350,000 pesos for a term of five (5) years, plus 12% VAT.
Other investment costs include equipment (around P120,000), site renovation costs (P150,000), and minimum cash bond (P600,000).
The franchise fee includes support from Head Office such as training, constant feedback, and marketing activities.
Pay for Performance / Return on Investment
Franchisees earn a fixed amount per transaction processed.
In the case of bills payment collection, for example, Bayad Center franchise owners get P5.00 to P7.50 per paid bill.
Other transactions are charged a different fixed commission amount.
Minimum floor space for a Bayad Center is 15 sqm. According to Bayad Center, the payback period or return of investment period is two (2) years.
Telephone Number: (02) 672-5700 loc. 5040
Mobile / Cellphone Number: 0917-8363000 / 0920-9663000
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