Traditional banks have a stranglehold of 95 per cent of the business payments market, according to a study by Covercy. One company making 20 transactions of £30,000 could overpay an average of £4,400 monthly or £52,800 a year in completely unnecessary fees, the survey finds. For a company making 20 transactions of £10,000 this equates to £2,120
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Direct Selling Market Trend In 2016 – Faster Commissions Payout
by Ted Nuyten • • 0 Comments
A market trend in Direct Selling is the trend towards faster commission payouts using e-Wallets and Debit Cards.
The Direct Selling companies today that pay out instantly or within a few days, keep their distributors highly motivated which results in generating additional company revenue.
Waiting for 2 to 6 weeks to receive commission has become so “1990”….
Those companies still on traditional slow payouts with high fees, or even paper checks are dramatically losing distributors and market share…. Outside the USA a papercheck is difficult to cash and only with very high fees.
There are two main reasons why Direct Selling companies loose revenue:
1. They cannot provide their product/ service in a timely fashion.
2. They do not pay commission fast.
Field leaders and corporate executives should check out i-Payout. Serving some of the largest