How it Works

Getting started as a PFG Money agent

Getting started as a PFG Money agent is simple and requires little more than access to a computer with an internet connection (which, no doubt, is already in place). First Steps

After some initial discussions, the completion of relevant paperwork and a basic audit of your business for its suitability as a PFG Money agency, setting up is easy:

1. PFG Money will assist with completion of AUSTRAC paperwork.
2. We will provide you and your operators with thorough training.
3. Your new agency will be set up in the PFG Money online system.
4. PFG Money will provide you will promotional and point-of-sale materials.

Day-to-Day Operations

Day-to-day processing of customer transactions is straightforward and places only a minimal time requirement on the operator:

1. A new customer completes a form capturing their personal details as required by Austrac. (Details are retained for future transactions .)

2. The customer makes a payment in cash or via EFTPOS using the agency’s existing payment system and provides details of the     recipient.

3. Basic details of the transaction are entered directly into the PFG Money system. The operator does not need to do any currency     or commission calculations: these are all handled by PFG Money.

4. Each day, a report is emailed to the operator summarising transactions of the previous day plus commissions and foreign     exchange margins payable.

5. Payments are settled at the end of each month.