Philadelphia, May 01, 2008 - Magicpins.com, a leader in b2b e-commerce
systems for distribution of prepaid wireless refills, is offering master agents
and wholesalers their platform to process pins and sign up their own dealers, thus
allowing them to build financial value. Magicpins recently signed Paterson Electronics,
a wholesaler based in Paterson, NJ with a prepaid coupons distribution operation,
to use Magicpins’ proprietary platform to dispense refill coupons and e-pins. [Expand to
read more]
In December, Magicpins.com began offering its platform to master distributors who
want to sell pins electronically to their dealer base. Magicpins now has an impressive
breadth of customers and early results are encouraging.
Interest in becoming a pin processor is coming from a variety of sectors including
wireless master agents, wholesalers and ISO’s who sell wireless refill and prepaid
long distance cards. These companies realize they can increase their margins and
reduce their cost of doing business by selling refill coupons in electronic format
instead of physical cards.
By implementing Pin processing, wholesalers, master agents and ISO’s can process
their own transactions, as well as sign up a network of sub-distributors and dealers.
The Magicpins platform actually transfers the long term value of the distribution
network to them. “If you have a dealer base, you should have your own platform,
sign up dealers and process the pins yourself so that you create a value for your
company,” said Anurag Jain, President of Magicpins.
In the past, wholesalers who had been distributing physical cards had very few options
to sell e-pins to their retail locations. The first option was to sign up all the
retail locations to a third party processing company and the second option was to
build up the infrastructure for processing e-pins in-house. Fear of losing their
retail location to a third party processing company kept the master agents away
from the first option and the costs & risks associated with developing a pin
processing solution in-house kept most of the wholesalers from graduating to selling
virtual inventory of refill coupons.
Paterson Electronics evaluated the options to build their own platform versus buying
the pin processing platform from Magicpins and decided to go with Magicpins because
it was turning out to be more cost effective. More importantly, the Magicpins platform
which is a much more mature and functional platform—was ready for use on day one.
Paterson Electronics was ready to sign up customers on the platform within two weeks
from signing up with Magicpins.
Jay Atiyat, president of Paterson Electronics, said the results have been very positive
so far. “Adopting Magicpins’ platform allows us to sign our own dealers and avoid
paying a commission to a third party,” he said. “We expect our revenue to increase
dramatically as a result of using this platform and, most importantly, we do not
have to give out information of our doors to a third party.” “Now that we have our
own platform, we can carry calling cards and any other prepaid products which our
customers need,” added Atiyat.
For Paterson Electronics, Magicpins has hosted the platform on their servers and
is also providing the maintenance services so that Paterson doesn’t have to worry
about any technical aspect of the business. This worked out well for Paterson given
their limited technical expertise and resources. Magicpins is providing the technical
support services so that master agents don’t have to hire technical workers, enabling
agents to focus on their business. “We are open to the idea of the master agents
buying the platform from us and hosting the platform on their own servers,” Jain
said. “For agents who are comfortable in hosting the application and maintaining
the servers, they can host it on their servers.”
Philadelphia-based Magicpins is a fast growth company in the prepaid wireless industry.
Since 2005, Magicpins had triple digit sales growth each year. Magicpins offers
a variety of prepaid wireless products and services for retailers in the most efficient
manner from the carriers and providers. Magicpins’ solid relationships with the
carriers, expertise in prepaid wireless distribution and Information Technology
distinguish the company from its competitors—Magicpins offers the best quality packages
to retailers. In business for three years, the firm’s IT enabled processes keep
the logistic cost low, thereby providing the highest margins to retailers. www.magicpins.com
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Philadelphia, April, 2008 – Magicpins.com, a leader in b2b e-commerce
systems for distribution of prepaid wireless refills, has chosen XtraGlobex, a strategic
business development and communications firm, as their communications agency for
advertising and promotions. XtraGlobex has been handling Magicpins’ public relations
since the Fall. [Expand
to read more]
“Magicpins hired XtraGlobex to spearhead our communications efforts because of the
stellar business relationship we’ve had the past year,” said Anurag Jain, director
of Magicpins. “XtraGlobex offered the best communications solution based our needs;
we’re pleased to have formed a long term business partnership with them.”
XtraGlobex is creating and buying coop advertising for Magicpins in select industry
magazines and newspapers. The firm will continue its public relations efforts for
Magicpins.
“We are excited about our business relationship moving to another level,” said Fady
B. Sahhar, XtraGlobex Partner. “We have the experience and industry knowledge to
get Magicpins the exposure they seek and help the company meet their long term business
objectives.”
Philadelphia-based Magicpins is a fast growth company in the prepaid wireless industry.
Since 2005, Magicpins had triple digit sales growth each year. Magicpins offers
a variety of prepaid wireless products and services for retailers in the most efficient
manner from the carriers and providers. Magicpins’ solid relationships with the
carriers, expertise in prepaid wireless distribution and Information Technology
distinguish the company from its competitors—Magicpins offers the best quality packages
to retailers. In business for three years, the firm’s IT enabled processes keep
the logistic cost low, thereby providing the highest margins to retailers. www.magicpins.com
XtraGlobex is a strategic consulting firm that specializes in business development
focusing on communications, technology, and globalization. XtraGlobex has industry
experience and a fresh outlook that sets it apart from competitors. The firm’s combination
of insights, experiences and ideas united under one vision makes the company a powerful
force for assessment and innovation. XtraGlobex can create solutions including a
new brand, a market strategy, an outsourcing initiative, a website, a globalization
plan, a logo or a PR campaign—all go beyond impressive and into something more important:
sustainable. www.xtraglobex.com
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Magicpins was profiled by the Philadelphia Business journal, with the story appearing
on the front page! Read their excellent piece here.
Philadelphia, February 08, 2008 - Magicpins.com, a leader in b2b
e-commerce systems for distribution of prepaid wireless refills, has a new strategic
alliance with TúYo Mobile, a wireless communications provider designed specifically
for the rapidly growing U.S. Hispanic community. This is just the start of a tactical
push for Magicpins to form new industry partnerships.[Expand to read more]
The TúYo deal represents a solid opportunity for Magicpins to expand into the booming
Hispanic wireless market and a tangible way for Magicpins to get to the next level
of distribution growth. Magicpins’ thrust is to explore new business opportunities
and markets.
Under this agreement, Magicpins.com has distribution rights to distribute TúYo Mobile
refills and phones. In the past, Magicpins concentrated on selling pins themselves.
This is the first alliance where the company is selling physical phones and in a
different market.
“Magicpins is thrilled to be a partner with TúYo Mobile, a major prepaid wireless
service provider for foreign born and first generation U.S. Hispanics,” said Anurag
Jain, director of Magicpins. “We are pleased to assist TúYo Mobile in delivering
valuable prepaid service to the Hispanic population. This marks our company’s first
step toward long term growth and product expansion.”
The Hispanic market is very large. Hispanic telecom spending is typically cash based,
and expected to reach $28 billion by this year, according to Atlantic ACM. While
the market has concentration, it is national in nature.
“We expect the alliance with Magicpins to be mutually beneficial for both our companies,”
said Rafi Ezry, General Manager of Túyo Mobile.
Philadelphia-based Magicpins is a fast growth company in the prepaid wireless industry.
Magicpins’ total sales growth from 2005 to 2006 was 207 percent; triple digit growth
continued into 2007. Magicpins offers a variety of prepaid wireless products and
services for retailers in the most efficient manner from the carriers and providers.
Magicpins’ solid relationships with the carriers, expertise in prepaid wireless
distribution and Information Technology distinguish the company from its competitors—Magicpins
offers the best quality packages to retailers. In business for almost three years,
the firm’s IT enabled processes keep the logistic cost low, thereby providing the
highest margins to retailers. www.magicpins.com
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