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A UNIQUE Payment Solution for all Payouts For MLM Companies

A UNIQUE Payment Solution for all Payouts For MLM Companies
Written by Ak Sharma
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A UNIQUE Payment Solution for all Payouts For MLM Companies

Compiled by Pankaj L Shah

 

Worried about Multiple Payment Cycles and timely disbursements?

Worried about rising Processing and Disbursement Cost?

Hassled by Payment through Cheque / DD / ECS?

 

The SOLUTION!!

ABC is a Company dedicated to offering payment solutions and prepaid cards in various categories like Payroll, Gift, Student and day to day payment requirements.

The ABC – Alternate Channel was solely established to bridge the gap between the Bank & NM Companies considering the needs of the Networkers by researching, analyzing and providing effective viable solutions.

ABC Company is a wholly owned subsidiary of Pheidon Capital Management Ltd. an organization with an asset base of Rs 650 Crores.

ABC GPR Card

ABC GPR Card is a low-cost payment instrument exclusively designed for Companies who have large number of Channel Partners and multiple Payment cycles. ABC Card assists these Companies to disburse periodic Commissions & Incentives in Safe and Convenient way.  

 

Benefits to NM Companies

  • Reloadable Multi-use Prepaid Card which can be used at all VISA Merchant outlets, ATMS & for Online Purchases

  • More convenient mode of Payment

  • Reduces cost & processing time of  disbursement of Incentive to Members

  • Reduces Manpower requirements

  • Can load any amount up to Rs 50,000

  • Opportunity to enhance the Company’s Brand using co-branded Cards

  • Robust IT & BPO Support through parent Company’s infrastructure

  • Micro-level hand holding through Industry stalwarts, providing effective and viable solutions, viz. regular update of mobile number  thru SMS or Data exchange

  • Opportunity to start a closed loop Loyalty Program, thus creating an additional Revenue stream for the Company

  • Complimentary participation in ABC’s Rewards and other Loyalty programs enhancing the face value of the Card. ABC  strives to continuously upgrade / add such programs

  • Easy reconciliation thru  online MIS

  • Option to hotlist the Card if lost or stolen, decreasing Company’s liability


Benefits to NM Members

  • Easy to use Multipurpose Prepaid Card

  • Immediate access to Incentive anytime, anywhere not dependant on Banks or Banking hours

  • Wide acceptance at all VISA Merchant outlets, ATMS & for Online Purchases

  • Minimum uploading of Rs 100

  • Daily withdrawal limit of  Rs  50,000 with

  • More secure than Cheque / DD

  • No need for a Bank Account

  • SMS & email alerts for Card load, reload and transactions

  • Can self Reload thru Net banking or by depositing Cash at the nearest branch

  • Complimentary participation in ABC’s Rewards and other Loyalty programs enhancing the face value of the Card. ABC strives to continuously upgrade / add such programs

  • Robust IT & BPO Support through parent Company’s infrastructure 24 x 7 Contact Centre

  • View Card Balance, transaction history; change ATM PIN through Card holder Portal.

  • Option to hotlist the Card if lost or stolen


Parameters

Prepaid Card

Cheque

DD

ECS

Cost

Nominal Issuance and Reload fees

Printing and Bundling Charges

Printing  and Bundling Charges + Bank Charges

Charges applicable as per Bank

Processing time

Instant  confirmation on load of amount

Time Consuming task of Printing the Cheque  against each Name

DD can be prepared only by Bank and printing DD’s can take  time depending on no of DD’s

Transfer to be made against each name

Member

Instant Cash through ATM’s

En-cashing takes 2-3 days

En-cashing takes 1-2 days

Transfer takes 1-2 days depending on bank

Not necessary to have a Bank account

Bank account required

Bank account required

Bank account required

Loyalty Program on card usage

N  A

N A

N A

NM company

No manual work ,Bulk upload

High amount of manual work involved

High amount of manual work involved

Individual transaction consumes too much time

No Courier Charges

Courier charges applicable

Courier charges applicable

NA

Easy to upload Commissions , Online reconciliation reports available

Manually reconciliation against each Cheque

Manually reconciliation against each DD

Have to download day to day transaction and do reconciliation

Safety

Amount directly loaded on Card

Chance of misplace, tear, damage

Chance of misplace, tear, damage

NA

 

Conclusion: 

The Author agrees that the Solution provided is “Old Wine in a New Bottle” but also emphasizes that the Solution has become more Mature providing New / Additional features which hitherto where not available.

The Author can be contacted at

[email protected]

[email protected]

Its a sponsored Article.

 

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