Ultimate Check Guarantee
Ultimate Check Guarantee
This is the name of a brand new Check Guarantee program prepared to hit the U.S. mainland in force, before the end of the year. The new program which is distributed by Ultimate Check Guarantee, Inc. (UCG), reports that they are the exclusive network reseller of UNI-CHECK Financial Services. UNI-CHECK is a long term player in the Hawaiian market place. Based on the opinion of a participant in the September 14, 1995, evening presentation in Honolulu, Hawaii, The UNI-CHECK service will be marketed as a Multi-level sales program, hitting 300 cities before the end of the year.
Based on our review of the "Ultimate" package distributed in Hawaii, there are three consultant positions in this marketing program, each having a different qualification and earnings potential. Ultimate Check states: "
All consultants must purchase a $43 Business Kit that includes all training materials and required documents to represent the UNI-CHECK service, and the Ultimate Check Guarantee Program legally & professionally."
The Bronze level sales consultant will purchase a business kit for $30 from Ultimate Check Guarantee, the Silver sales consultant will pay $20 a month more than the Bronze level, and the Gold level sales consultant will pay $30, plus $20 a month and $240 up front for 12 consecutive months. We noted in reviewing the program that Ultimate Check has what they call "The Golden Guarantee." Ultimate Check states: "For consultants participating as a Gold Consultant, Ultimate Check Guarantee makes this guarantee to you: Refer just 10 new consultants over the next 12 months and if you aren't happy with your residual income, Ultimate Check Guarantee will refund your TOTAL start up cost, ($240 plus $43 Business Kit) maximum, less the amount you received as Sales Commissions & Overrides."
If you are an ISO who has been selling either Guarantee, Verification or Collection services, then you probably are asking, what is the residual income on this program?
Since the program is a Multi-level marketing program, there are a number of potential individuals who could receive a portion of the residual income. The program describes:
* A one time $10 payment on each $20 Budget Plan Sold. (Bronze Consultant)
* A one time payment of $21, paid as $10 the first month, $8 the second month, and $3 the third month, with 2% on-going residual beginning in the fourth month. (Silver Consultant)
* A one time payment of $35, paid as $15 the first month, $10 the second month, and $10 the third month, with 2% on-going residual beginning in the fourth month. (Gold Consultant)
* A Gold Consultant can earn the entire $35 all at once, if the Check Guarantee customer pre-pays 12 months of service at $240.
* The program states that it pays sales overrides of $1 for every level of Sales Consultant that a participant adds, or they in turn add.
Finally, the program materials outline the price at which a subscribing merchant can purchase Check Guarantee service.
In addition to the $20 monthly Service Fee, there is a charge of $2 per transaction plus 3% of the face value of the check up to $1,200 per check, billed by UNI-CHECK.
Check Collection services are also available from Ultimate Check Guarantee, for the same $20 per month Service Fee, with Ultimate and UNI-CHECK charging a minimum of 40% of the face value of the check.
We were unable to confirm at this writing if UNI-CHECK is a licensed collection agency throughout the United States.
Ultimate Check Guarantee is initially operating from three locations, Las Vegas Nevada, and Kailua, and Honolulu, Hawaii.
UNI-CHECK can be reached at (808) 524-2030, FAX # (808) 528-2660.
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