Global Payout announced earlier today the launch of eGateway payment systems specifically serving a new and growing niche market opportunity for the company. According to the press release, Global Payout has secured 4 contracts to provide payment solutions to direct sales companies, activated 25,000 member accounts, and expects significant international growth potential within the niche. The company also reported details of its newest contract recently signed with Worldwidepays Inc., Ltd., a Malaysian company, and its affiliated group of network marketing companies.
“The network marketing industry has a unique set of circumstances and needs that require sophisticated depth and breadth of payment solutions, account functionality and disbursement options,” said Bill Rochfort, President of Global Payout. “Global Payout is uniquely poised, technologically and economically, to provide great value to operators in this niche. For this reason, we are seeing a very large growth opportunity for Global Payout, and the demand for our CPG solutions and eWallet capabilities is growing. In a short period of time, we have successfully activated service to 4 network marketing companies and over 25,000 accountholders whom are receiving their commissions via our system,” he added.
The new contract specifies the deployment of a series of customized gateway platforms for the financial management needs of Worldwidepays and their affiliated companies. Global Payout has already activated CPG accounts for one of Worldwidepays’ affiliates, MaximTrader. MaximTrader is a financial trading facilitator on the FOREX currency exchange and a market research house with operations throughout Europe, China, Hong Kong, Japan, South Korea, & South East Asia.
Each CPG eWallet platform deployed will serve as a payment system and repository for on-time and efficient commission disbursements. Each marketing member’s commission is electronically deposited into the member’s eWallet account at each payout time. The member can let his earnings aggregate in his eWallet account or make withdrawals from it at any time. Members can monitor their eWallet account balance and activities online, or via their smart phone. Furthermore, the CPG eWallet will also automatically transmit a notification email each time a deposit is made to the member’s eWallet account.
Harnessing the CPG eWallet’s built-in Payment Gateway capabilities, each member has multiple choices of withdrawal from their eWallet account. The member can push part or all of their funds in their eWallet account to their bank checking or savings account via bank network connectivity of the eWallet, push funds to their credit card account via an eWallet provided merchant service processing gateway, push funds to his China UnionPay debit card, or push funds to his International Prepaid Debit Card provided by Global Payout.
Mr. Joe Cheong, Director of Worldwidepays, commented, “We already have one CPG eWallet platform successfully deployed in our MaximTrader operation for the last two months. With approximately 2500 account activations and enough experience and satisfaction under our belt, we are ready to deploy the CPG eWallet to all of our operations and are recommending this solution to our other trading partners.”
James Hancock, CEO of Global Payout, added, “We are extremely pleased to see this market opportunity develop so rapidly and to have such a strong marketing alliance in Asia, a place we know payment system needs are growing rapidly and dynamically. There is great synergy between Global Payout and Worldwidepays, and we look forward to working closely with them throughout all future CPG deployments.”
For more information, visit www.globalpayout.com
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