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.
Wires
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.
Complexity
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.
As chosen by some of the top direct selling organizations in the industry, hyperWALLET’s secure commission payment platform and pay portal are a truly global payment solution.
hyperWALLET enables companies to fund payments in any currency they operate in and send those funds electronically to distributors around the world.
Enable new opportunities
hyperWALLET’s numerous delivery options provide the ultimate in corporate
and recipient payments flexibility. Our payment solutions are:
Integrated: single payment platform, solution & point of integration
Global: growing global payment network of 53 countries worldwide
Localized: payment services in 25 currencies and 16 languages
Accessible: convenient funds access across multiple channels
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
Mobile airtime credits: convert commission payments to mobile phone airtime credits, or enable transfer of prepaid airtime to recipients in international markets
Global payment networks: leverage hyperWALLET's global payment networks to distribute quick, cost-effective payments to 53 countries worldwide
White label: deliver branded payment services under your corporate image via white-labeled websites, mobile phone applications, and prepaid cards
Single solution: simplify IT, operations and systems integration through a single, unified payment solution.
Centralize operations: manage payment processing, distribution and settlement, account management, customer service capabilities & reporting under a central platform
