Ideal Prepaid, the ideal prepaid metering solution
IdealPrepaid, a member of the Holistic Technologies group, is a technology company specialising in payment processing.
Who is IdealPrepaid?
We currently process in excess of one million transactions a day for municipalities, landlords and businesses; protecting them from the risk of non-payment, the administration nightmare usually attached to utility management. We offer a customisable metering solution with a payment platform.
Why IdealPrepaid?
As a technology-focused company, IdealPrepaid are not focused on selling meters, but offer flexible tailor-made solutions to landlords and body corporates, administered by a stable vending platform. Technology is integrated to offer our clients a superior customer experience, including a 24-hour support centre and customer-specific online reporting.
What are the benefits of prepaid submeters?
Prepaid submeters ensure that tenants prepay for their utilities (electricity/water) before usage, eliminating tenant and owner arrears for electricity/water consumed.
There is no need for frequent manual meter readings and there is a significant reduction in the administration associated with utility accounts for landlords and body corporates.
How it works
Our meters are installed as a secondary meter inside the dwelling, typically at the mains distribution board or in the external electricity kiosks. The prepaid meter does not interfere with or impair the operation of the primary (municipal) meter.
The meter has a keypad and special encryption security. When a resident purchases prepaid electricity, we generate a numeric token based on a given tariff rate. This token is entered into the meter and credits it, which in turn permits the resident to use a predetermined amount of electricity. When the meter credit runs low it alarms the tenant to purchase more tokens. The tenant must replenish his meter by prepaying for tokens, failing which the meter will not provide more electricity.
