New Domestic and Business Energy Comparison Site Breaks the Commission Mould

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Money-Mate, a new domestic and business energy comparison site and utilities company has decided to break the mould by giving the commission back to the customer.

Money-Mate Health Insurance and Travel insurance

Money-Mate Health Insurance and Travel Insurance

Within 12 months customers could pay nothing for health insurance and business electricity

In recent weeks comparison sites have been in the news for their manipulating tactics towards customers. The This is Money website reported that comparison sites take a huge chunk of commission from sales of products and while they offer a good deal at the outset, customers are left baffled when prices rise suddenly. The comparison sites employing these methods are now under scrutiny from Ofgem and MPs. Money-Mate promises to break the mould with complete, transparent honesty.

For over twelve months Money-Mate has understood the problem facing customers and has developed a platform to give the money back to the consumer. Money-Mate wants to eradicate the shock people face when prices rise on renewal while giving the customer complete control over their money.

Money-Mate aims to do this in a variety of ways.

The first promise is bold. Money-Mate claims that they can make any of their five star products cost nothing within twelve months. This could mean that Money-Mate customers pay absolutely nothing for broadband, travel insurance, health insurance, business electricity and cyber insurance, simply through sharing their unique Money-Mate code.

The second promise gives allows for instant savings on products such as health insurance, broadband, business electricity and gadget insurance Money-Mate instantly gives the customer one month’s credit. On top of this, when anyone else signs up to the same service, Money-Mate credits the previous customer’s account with their monthly premium. It sounds insane, it probably is.

What’s the Catch?
This does leave some customers wondering where the catch is? How can Money-Mate afford to give so much away in credit? The original article mentioned sums this up, as Money-Mate is giving the commission back to the customer instead of keeping it for itself.

Roopesh Patel is the founder of Money Mate and he explains the concept and his reasoning behind such a generous platform. He says, "I’m hoping that the UK public will see the benefits of Money-Mate as the more people use us, the cheaper we’ll be. By keeping the profit low, I can appeal to everyone and bring in a larger quantity of customers who pay very little per product rather than a few that have to pay through the nose to fund the comparisons. It’s also important to me that we only offer high quality products, as there’s no point giving to the customer if our services don’t meet or exceed their expectations.”

To find out more about Money-Mate or to benefit from the five star products visit their website where you’ll be greeted by Lord Chumley and Buddy, the Money-Mate mascots.

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Roopesh Patel
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Martina Mercer
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