High costs of paper-based check production and distribution, lost checks, stop checks, and check re-issuance are a common problem faced by many companies, further compounded when payments need to reach customers spanning the globe.
High cost of wire transfers, as well as dependence on debit card programs as the only means of making payments to distributors worldwide, means an organization’s payment distribution costs can rise substantially on a global scale.
Direct selling organizations that have corporate operations in international markets typically use multiple payment processing systems for each region. This adds unnecessary IT, operational & payments complexity across the entire enterprise.
In MonaVie's case, they started with 5 countries and 8 payment systems. 3 years later they have evolved to 16 countries and 1 payment system, leveraging
our brandable Pay Portal and prepaid cards across their biggest markets.
MonaVie now truly has the best of both worlds:
Branding on a domestic settling card which distributors use everyday, vs a foreign card
Ability to offer agents/distributors bank deposit capabilities, without wire fees or the admin overhead associated with ACH payments in each country.
Features & Benefits
Payment solutions designed for the Direct Selling industry
The hyperWALLET Pay Portal enables direct selling organizations and their distributors to leverage the benefits of a global self-service payment solution.
Once a payment has been credited to their account, distributors can sweep their earnings to their local bank account in their native currency, use their Pay Portal or bank account funds to purchase additional products from your organization (Direct Pay), or choose to receive their earnings in the form of a cash pickup at retail agent network locations, such as any Western Union location worldwide.
Key features of the hyperWALLET solution for direct selling companies include:
Multi-channel: provide payments delivery across mobile phones, SMS text messaging, mobile apps, online/Internet, via prepaid cards, or cash pick-up locations
Multi-currency: send payments in multiple currencies, and provide distributors convenient access to their funds in local, domestic currency
Multi-lingual: offer localized, multi-lingual payment services in 18+ languages, across multiple channels and interfaces such as mobile phone, IVR, SMS and web
Multi-access: enable funds access via direct to bank , through Western Union worldwide locations, via branded prepaid cards, or through mobile phone airtime credits
Inbound Payments: enable distributors to purchase products and services over the web or mobile phone -- 100% electronically, using funds direct from their bank accounts