revenue projection, page-9

Basically Mint's products will be distributed and integrated as a customised solution to MYOB's accounting software.

From what I understand, Mint generates revenue from this arrangement in the following four ways:

- Licence fee from MYOB

- Transaction fee - basically a fee of between 2.75% to 3.25% on transaction value is charged to the end user, with MYOB and Mint both getting a share of this fee

- User fee - MYOB will increase monthly subscription fees for its software after bundling with Mint's mobile payment solution. Mint will be getting a cut of this fee increase

- Hardware fee - Mint will receive an upfront fee for the hardware distributed, ranging from $50 to $170 depending on which solution is used

The above information has predominantly been sourced from a recent analyst report for Mint.