MLM, Direct Selling and Party Plan companies face the challenge of delivering commissions, bonuses or promotions to it’s membership… QUICKLY! An eWallet can give an almost Instant Access to funds, that can often be transferred, withdrawn or spent right now on products from the company.
Imagine commission calculations that you can split-post… some to an xls document to be run through your own check-writing program and the other directed to an eWallet. Firstly, this is handy if your primary focus is physical checks, which Everyone LOVES! The real angle here is you could set a threshold, say $20. Anything $20 and over goes into the xls for checks to be sent, while anything below the threshold goes to the eWallet. Talk about reducing postage costs! Yes, the export xls can just as easily be an api post to your favorite debitcard channel.
Now, imagine you pay all your commissions to the eWallet, giving instant earnings to the membership. Each member can see thier eWallet value from the back office. They can send it to another member, say their mom who just joined. Spend it themselves on company products/services. Or, they could request a withdrawal, which triggers sending of check or disbursement through debitcard.
Ok, now, consider a Direct Selling Party Plan company with Host Rewards. Perhaps a party with $1000 to $2000 creates $150 eWallet value for the Hostess. Maybe $2000.01 to $4000 creates $250 eWallet value for the Hostess. Yes, they can spend as real money on products.
What about a bonus, like a Team Bonus that every time 3 $999 Premiere Product Packs are sold $300 is qued as a pending Team Bonus, that after x days, say 7 days auto deposits to their eWallet? Yes, this can occur every single day, as sales occur and as the days of seasoning pass. If you don’t know it, the days of seasoning are simply a way to make sure funds clear on sales before hard dollar value is put in the eWallet.
Summation
Well, there’s a thumbnail discussion of
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