Secure Wireless Transfers (SWT) is opening up entirely new commerce-enabling opportunities by providing a secure alternative mobile payment method for instant, easily accessible cash transactions from anywhere. Consumers can now send and receive money and make purchases securely and inexpensively through its end-to-end authentication and payment processing system. The system uses SMS text messaging for instant notifications providing users with updated, timely account history and transaction alerts. With an easy-to-use interface, support for major cell phone services and models, and unique industry relationships SWT is forming a strong community of consumers around next generation mobile payment solutions. Based in Aliso Viejo, California, SWT was founded in 2005. For more information, visit KUSHCASH.com.From the first persusal, it's got a combination of web-based, app-based and WAP-base functionality, is passing on the card charges for top-up to the user, and is charging payment fees to the user:
a. Sending Money - Once you have deposited funds into your KushCash account it is free to send money to a friends account.
b. Transferring funds from your credit card to your KushCash account - The fee taken from the gross payment sent to your KushCash account is 2.8% plus .30 cents per transaction gateway fee.
c. Transferring funds from your KushCash account to your bank account – The fee is .50 cents per transaction.
d. Receiving Funds – The fee is .50 cents per transaction when receiving funds into your KushCash account.
e. Chargeback - It is your responsibility to insure the integrity of transactions received to your account. Your KushCash account will be charged $35.00 plus the original fees for each chargeback received.
f. Retrieval Requests – The fee of 5.00 per item is charged for KushCash to provide hard copies of transactions.
They have a pretty good website, and seem to have lined up some good early merchants in the sports world. The name's a bit bizarre though: perhaps it's surfer slang?
I'm not to sure about their refer-a-friend promotion though, it functions too much like a pyramid scheme for comfort:
Invite a friend to join. When they accept you, you become their "Kush Line".
As a Kush Line, you will now make 10% of every transaction fee that they accumulate.
If they add a friend, then they become a "Kush Line". You will receive 5% of every transaction fee generated, even if you don't know them.
Any friend generated after that will net you 1% of fees. That's all there is to it. The more friends you add - the more money you can potentially make!