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Discover the sharing economy business

How does Power Bank Sharing work? How it works

Part I: How does Power Bank Sharing work?
1.1、Search for the location of the device: navigate to a nearby outlet
1.2、Choose the rental method: Scan QR code, swipe card, flash code, POS, Apple/Google Pay
1.3、Pay deposit or credit authorization
1.4、Take out the charging treasure and charge your cell phone
1.5、Return the charging treasure, end the lease

The traditional charging method, users need to carry the charging treasure or find a fixed power outlet, this charging method is not convenient. Although carrying the charging treasure can solve the problem of insufficient power, the charging treasure itself needs to be charged, and the volume is large, so it is inconvenient to carry. Finding a power outlet, on the other hand, may not be possible due to environmental constraints.

Conventional charging, there is no way to meet the demand for instant charging of cell phone power when people are on the move. With power bank vending machine, users can easily solve the problem of insufficient power by simply renting a power bank when needed.

The use of power bank rental, from searching for the location of the device, rental mode to return the charging treasure, each step of the operation is very clear, so that users can follow the process, quickly rented to the power bank sharing station, for the cell phone battery life.

1.1, search device location: navigation to the nearby outlets

When the user’s cell phone is low on battery and in urgent need of charging, the first step is to find a nearby power bank sharing outlet. Most of the power bank sharing brands have their own APP or small program, through which you can quickly check the power bank sharing outlets in the neighborhood.

Open the app or applet, click the “Nearby Devices” button, the system will immediately display all available phone charging station outlets around you and their specific locations. Simply click on the navigation button to easily guide the user to the nearest outlet.

1.2、Choose the rental method: scanning QR code, swipe card, bright code, POS, Apple/Google Pay
After arriving at the branch, users need to choose the leasing method. Conventional power bank sharing leasing methods include code scanning, card swiping and Apple/Google Pay, which users can choose according to their needs.

The most common is to rent by scanning the QR code on the charging cabinet. Simply open the scanning function of the app and point it at the QR code on the cabinet to enter the leasing page.

The power bank sharing technology platform also supports credit card (credit card/bank card), bright code (e-wallet rental in Southeast Asia), POS payment (different POS rental in Europe and the United States market), as well as Apple/Google Pay touch payment, so that the user can choose the appropriate way according to their own habits or equipment support.

1.3. Payment deposit or credit authorization
In order to avoid users losing or damaging the power bank fast charging, which may cause investors’ losses, users are required to pay a deposit or authorize the rent without deposit through credit score.

The deposit is usually refunded to the original payment account after the charger is returned. For users whose credit score reaches a certain standard, they can choose credit authorization to rent without paying a deposit. However, credit deposit waiver is more popular in the Chinese market because they basically use two identical payment methods, making it easier to implement deposit waiver, whereas overseas is mainly multi-payment, with up to 999++ payment methods, and deposit waiver rental is not applicable.

1.4. Take out the charging treasure and charge your cell phone.
After confirming that the rental information is correct, click the “Rent” button on the screen, and the 100% charged charging battery will be automatically ejected from the device or unlocked, remove the charging battery, and then select the charging port that is suitable for your phone to charge.

Power bank sharing is usually equipped with various charging ports, such as Type-C, Micro USB and Lightning, to meet the charging needs of different models of cell phones and electronic devices.

1.5. Return the power bank and end the rental.

Once the user’s phone is fully charged, return the charger to the corresponding brand. If users rent from Bajie Charging’s device, they need to navigate according to the APP to find the nearest return point of Bajie Charging.

Before returning, you need to put away the three charging cables and insert them into the card slot. The device will announce “return successful”, the system will deduct the usage fee, the order will be closed, and the user can leave the outlet.

Most power bank sharing brands have a maximum return time limit. If the return time is exceeded, additional charges may be incurred or the deposit may be deducted. Before using the rechargeable battery, users can check the charge details and within the specified time, return the rechargeable battery.

Part 2: How does power bank sharing work?
2.1、Renting and returning, simple and convenient
2.2、How does power bank sharing charge?
2.3、Charging management, ensuring charging safety and efficiency
2.4、Smart maintenance, easy to run your business

The rental, return, charging, recharging and maintenance of power banks power station are run by a complete management system. By understanding the working principle of power banks power station, you can have a better understanding of the vending machine power bank industry knowledge and operate your power bank sharing business better.

2.1 Renting and Returning
When users need to charge their cell phones through vending machine power bank, they need to find the nearby charging device through the mobile app. The app uses GPS to accurately display the location of the rechargeable device, its proximity to the user, and whether the outlet is available for rental. Once the user has navigated to the nearest outlet, they can rent a rechargeable device through the app.

When the user inserts or removes the rechargeable treasure, the sensor will transmit the signal to the control system for appropriate billing, management and other operations.

When returning, the user simply puts the rechargeable treasure back into the corresponding brand of device, and the system automatically records the return information and updates the user’s rental status. If the return is successful, the system will immediately notify the user and end the billing.

2.2. How is power bank sharing charged?
power bank sharing is generally charged according to the length of time of use, when the user lends out the charging treasure after the start of the time charge, such as the unit price per hour for 1 U.S. dollars, the user rents 3 hours, in the return of the charging treasure, the user needs to pay 3 U.S. dollars of the rental fee. All the fees paid by the user are your revenue.

You also don’t need to worry about the user not being able to return it or returning it overtime, which will cause you to lose money. If this happens, the user’s deposit will be deducted as the cost of purchasing the cell phone charging station.

A charging station can be rented at least 300-500 times (the number of times it can be recycled varies with different battery capacity), and according to the hourly unit price, each charging station can bring you a minimum of $300.

The charging standard is different for different areas, places and time periods. Generally, according to the hour as the billing unit, the regular set unit price for food and beverage establishments is 1-3 U.S. dollars, and 5 to 10 U.S. dollars for large shopping malls. Festivals and daily revenue standards can also be flexibly adjusted according to store operations.

For more information about how to set the rent for different venues, you can click Which venues can be used for power bank sharing, the recommended major scenarios and rent settings” to read the details. If you want to know more, please contact us for more information on how to make power bank sharing better!

2.3. Charging management to ensure charging safety and efficiency
The rechargeable treasure will be put into the charging cabinet after the user returns it, and the cabinet will be charged through the power connection. The system will also monitor the charging process in real time, through the dynamic current algorithm of the technology platform, identify the power, fast charging 70%, dynamic small current charging to full charge, intelligent protection of the battery, improve the life of the battery cell.

The power bank rental can extend its service life by 30% with the dynamic current algorithm under the same capacity and usage frequency. The longer you use the power bank, the more revenue you can create for you.

And what does power bank fast charging do to ensure charging safety? It mainly relies on the power management module and power management chip, power management will distribute and manage the power of the cabinet, on the one hand, it will convert the AC power into the voltage and current suitable for the charging of the charging treasure and the work of other components inside the cabinet, and on the other hand, it will monitor and protect the charging process, preventing the occurrence of over-charging, over-discharging, short-circuiting, etc. The power management chip can monitor the power supply to ensure the safety of the charging treasure.

And the power management chip can monitor the current, voltage and power usage of the power supply and dynamically adjust the power supply efficiency of the battery cell to optimize energy consumption. While protecting and prolonging the life of the battery cell, it can also reduce your electricity expenses.

2.4. Intelligent maintenance, easy to operate your business

The technology platform needs to provide a system to maintain and manage the power bank rental station, so that you can quickly understand the status of power bank sharing, whether there is a fault, when the fault occurs, the system needs to lock the fault at the first time to do emergency treatment.

Through the communication module, it uploads the status information of the cabinet (e.g. charging battery power, rental situation, fault information, etc.) to the server, and at the same time, it receives the commands (e.g. remote control commands, price adjustment commands, etc.) issued by the server. The system can automatically locate faults, facilitate remote maintenance or timely arrangement of repair, so that you can easily operate power bank sharing business.

How to optimize outlet placement and increase revenue efficiency? Use the data screen to adjust your placement strategy from rental data, peak hours, user’s usage frequency and other data statistics to increase outlet revenue for you.

Bajie Charging has successfully replicated power bank sharing business model to more than 100 countries, and provided a complete set of solution customization for 500+ global partners.

If you want to successfully replicate the power bank sharing business model overseas, Bajie Charging is your reliable partner, providing you with a complete set of solutions, as well as providing the most valuable on-the-ground experience.

 

February 12, 2025

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