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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