SurgePays, Inc. (NASDAQ:SURG) Q4 2022 Earnings Call Transcript

So that’s going to give us the opportunity to now come back to the market, use these same convenience stores, use the same equipment that’s on the accounter, use the same relationship to offer the ability for them to upsell prepaid wireless at a lower cost than the other folks out there. A lot of us watched what Mobile just sold to Verizon for, and they had pretty slim margins. We’re very familiar with most of the MVNOs out there. We take payments for most of the MVNOs out there. To have an ability to be an MVNO that has your own brand that’s paid for by the customer with family plans and very aggressive rates to help folks out and then be able to do the transaction over our own platform. So we’re not paying a third party, 8%, 9%, 10%, 15% to do the transaction.

That’s another significant competitive advantage that we want to take, really maximize by getting in the door through ACP. It’s the — by the way, upsell. And then, by the way, we also have a reloadable debit card, by the way, we have these other products here to help your customer the same way we helped them with the internet. So that’s really — that’s really our philosophy of this rollout. So I think without driving it home too hard, I think you’re going to start seeing by Q4, you’re going to start seeing also not only customers skewing over the ACP customers coming in through the convenience stores. I think you’re going to start to see the number of prepaid customers who are paying their own bills. Remember ACP is limited to one per household, and there’s an average, as with a survey we did average of four to five smartphones per underbanked household.

We want to go after those other devices, those other phones, that other service both in urban and rural areas, and then be able to allow and enable those people to go pay at the convenience store that they’re already going to save them money, save them travel and be more I guess more and more of a partner with the convenience store owner serving his community.

Ed Woo: Great. Thanks for answering my question and I wish you guys, good luck. Thank you.

Operator: Thank you. This reaches the end of the question-and-answer session, and this also concludes today’s conference. Thank you for your participation. You may disconnect your lines at this time. Have a great rest of your day.