Why Prepaid Is The Perfect Payment Solution For Direct Sales Companies
Is your direct sales organization looking for a new payment solution? Are you facing challenges with distributing compensation to your marketing representatives? Managing payment distribution for your sales agents can be a daunting task, but it doesn’t have to be.
Traditionally, distributors and representatives of direct selling companies have been compensated via cheque, wire transfer, or cash, however each of these methods are inefficient and present their own set of problems. Cheques are slow, costly to the company, easy to lose or have stolen, and require that the payee has a bank account. Wire transfers can be expensive and cumbersome, and payments can often take days to post in the payee’s account. Cash is a bookkeeping nightmare and can raise all sorts of issues with tax authorities. Some direct selling businesses contain thousands of sales agents across several levels and across international borders, further amplifying the payment problem.
Prepaid cards can solve the direct sales industry’s expense payments issues.
A proven payments solution, prepaid cards can be custom-tailored to meet the unique individual needs of small businesses and fix their cash flow dilemmas. By utilizing innovative payment and loyalty solutions, which have been specifically developed for the Direct Sales industry, companies of all sizes can now affordably deliver compensation, streamline payments, track funds, promote sales, and increase employee and customer loyalty.
Prepaid payment solutions allow you to quickly and easily pay out commissions, bonuses, or expenses on the card, providing your reps and employees with instant access to their funds, regardless of where they are located. The cards are internationally accepted and can be loaded with large or small denominations and are integrated with a safe and secure backend system.
Benefits of Prepaid Disbursement/ Cash Management Program:
Accessible & Easy:
No one wants to wait weeks or even months to gain access to their money. With prepaid, funds can be quickly loaded, allowing card holders instant access to funds. No issues with lost or stolen checks or the administration that comes with it.
Timing Is Everything:
When it comes to building your own business or providing products in real-time, a delayed or broken payment system can quickly sour the experience and turn away customers. Prepaid is on time, all the time.
Instill confidence and ease concerns for potential customers who are unsure about doing business with a direct selling company by offering an award-winning payments system that is easy-to-use, safe and secure, electronic, and instantaneous.
Safe & Secure:
With its zero-liability protection, instant reporting, real-time monitoring, and lack of connection to credit/bank accounts, using a prepaid card decreases the chances of fraud, theft, and loss for consumers. Prepaid solutions also have a vigorous back-end reporting system, keeping you up-to-date and out of harm.
Program Monitoring & Real-Time Reporting:
Say goodbye to delayed expense reports. Get real-time monitoring and reporting on your program results and automatically track details such as the day, time, merchant, and location of the transaction. Prepaid offers greater transparency to small businesses, reducing the possibility of fraudulent activities, and provides valuable insight into cardholders’ spending trends.
Use It Anywhere:
Prepaid cards can be used to make transactions in person, online, or via mobile app. Our online digital platform and mobile app allows access to funds & transaction history, anywhere in the world, through our secure system.
Avoid Cash-Flow Problems:
Prepaid cards are reloadable, so you can easily facilitate ongoing payments and load more money onto cards in real time while spending less money than other payment methods, such as cheques. Since all cards are funded with current available cash, employers can avoid credit problems or cash flow issues. Funding of the card is provided by the business, so employees no longer have to pay for purchases with their own funds.
Customized Card Branding:
Increase your brand exposure with customized cards that have your company name and logo on them. It’s marketing made easy.
Comments are closed