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The video below was created 2 years ago.. and that is before the covid-19 pandemic.. Here are some updated information on how to apply PCSO lotto outlet.. Or, how to re-new pcso lotto agency agreement
As you know, the lotto agency agreement expires every 2 years. We need to renew the contract with PCSO and either the GSIS surety bond or Cash bond.
Here’s the Update:
2 years ago, the cash bond is Php300,000 pesos. Now, it is Php100,000.
The GSIS surety bond remains at approx Php13,000. But because of the pandemic and the many months of lockdown, many PCSO agents were complaining that the 24 months surety bond coverage was not fully utilized.
When I tried to renew the contract, people from PCSO suggested that we opt to renew using Cash Bond.. that’s when I learned about that it is now Php100,000.
As mentioned in the video, same infomration. Once you stop the operation of your lotto, you will be able to get your money back. Don’t loose your original cashbond receipt.
End of update.
HOW TO APPLY FOR A LOTTO OUTLET FRANCHISE IN THE PHILIPPINES
Here are the step-by-step, how to apply for the Philippine Charity Sweepstakes Office (PCSO) in your location
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