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How to Franchise: Bayad Center in the Philippines




In the past years, the Bayad Center has made bills payment convenient for most Filipinos.

No need to line up for hours. With hundreds of Bayad Center outlets nationwide, it’s now easy to pay your Meralco bill, cable, internet, or other utility bills, and even your credit card bill.

Interested to franchise your own Bayad Center outlet?

Read below to find out how much the franchise fee is, your potential earnings commission, payback period and return on investment, and who you should contact to be able to start your own Bayad Center franchise in the Philippines.

About Bayad Center

franchise-logo-bayad-centerThe 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
  • Remittance
  • Business Service
  • E-Loading

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
  • PhilHealth
  • Pagibig
  • 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 P350,000 pesos for a term of five (5) years, plus 12% VAT.

But there are other investment costs the franchise owner also has to pay, including equipment (around P120,000), site renovation costs (P150,000), and cash bond (P600,000).

The franchise fee already includes support from Head Office such as training, constant feedback, and marketing activities.

Bayad Center requires the minimum floor space to be 15 sq. m.

Pay for Performance / Return on Investment

Franchisees earn a fixed amount per transaction processed in the Bayad Center.

In the case of bills payment processing, for example, Bayad Center franchisees get P5.00 to P7.50 per paid bill.

Other transactions are charged a different fixed commission amount.

According to Bayad Center, the payback period or return of investment period is two (2) years.

Contact Details

Email: franchising@bayadcenter.com

Telephone Number: (02) 672-5700 loc. 5040

Mobile / Cellphone Number: 0917-8363000 / 0920-9663000

 

Check out other Filipino franchising opportunities! Complete list of Philippine companies available for Franchising

Sources: Official Company Website


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About this post: bayad center franchise, bayad center franchise fee, how to franchise bayad center, bayad center business, how to franchise a bayad center

6 thoughts on “How to Franchise: Bayad Center in the Philippines”

  1. litoy2x says:

    hi, any idea what will be revenue or income structure?

    1. arwinilagan says:

      It says u earn fixed amount every bill paid. U gey 5-7.50 P.

  2. June Philippines says:

    ano ibig sabihin ng franchise fee for 5 years? – 350,000 payable within 5 years and lifetime ownership na ng bayad center outlet na un? or 350,000 for 5 years contract and after that, i need to pay another 350,000 for the next 5 years and so on?

  3. Engr. Fetalver says:

    hat is the difference of bayad center from other company offering the same Bills payment services? I found online like Trip Option aside from Bills Pay they also have Ticketing Office,Tor Packages, Eloading and money remittance for only P6OK buy 1 take 1 franchise package wow! Take a look at their website http://www.tripoptiontravel.com

  4. Jovenal Jr Gonzalez says:

    Few queries;
    1. What are the cost involve upon renewal?
    2. Is there opening within 5 meter radius from Novaliches Proper?
    3. Send me sample computation showing 2 years payback period.
    4. Is the bond returnable after contract expiry?
    5. What will happen to the 120k worth of equipment after contract expiry?
    6. Who shoulder the cost in upgrading the computer system? And how much?

    Appreciate your feedback.

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