Maintain your old Siemens Hipath system

Online MLM Payment Forms - What Options Do You Have?

One thing to consider before you get serious with any online MLM program you're interested in joining is: how are you going to get paid?

You see, with online MLM programs of today, it's very possible that you may be the only person in your country joining a certain online MLM program and all your downlines reside in other countries across the globe. This holds especially true for some countries where internet access is not as common as in the US and most European countries.

In such condition, that certain online MLM program won't have a representative office in your country yet. This means your commisions will be paid directly from that online MLM company's head quarter.

Even if you live in the US or Europe and the online MLM company's headquarter is located in your country, it is still crucial to know the options you have in receiving the money you've earned as commision from them.

Generally speaking, there are four ways of online MLM commisions payments:

- Bank Transfer
- Pay Card
- Check
- Paypal and other "virtual money" forms

Let's take a closer look at each of these payment methods in order of flexibility:

1. Bank Transfer

This is by far the most flexible payment form of online MLM commision payment. With this method, the MLM company orders their bank to deposit your money directly into your bank account by means of bank transfer.

Typical processing time from payment until money can be used is two days until 1 week.

With this method, you will receive your money within 1 week after the payment. Since the money is in your local bank, you have the liberty of spending it any way you like, just like you would with your "normal" income.

If your online MLM has this payment option, it is best to check if they charge any bank transfer fee and whether or not they will deduct it from your payment.

Writer's suggestion: Go for this option even if you have many other payment options. This is the best.

2. Pay Card

With this method, the MLM company will send you a Pay Card that functions as an ATM card that can be used in any ATM machine in any country that supports Visa/Mastercard transactions.

The most important feature of this method is: there is no delay between payment time until money can be used. The minute your payment is done, you can retrieve your money from almost any ATM in the world. One drawback though: for every money withdrawal transaction there is a typical withdrawal fee of around US$3 (this may vary from country to country and from bank to bank).

Only big online MLM companies can afford to this method, as Visa/Mastercard only accept reputable companies as their partners.

Writer's suggestion: Choose this method only if you don't have Bank Transfer option.

3. Check

As "offline" as it may seem, check is still the most used form on online MLM commision payment until today.

With this method, your MLM company writes you a check for your commision payment and send it to you by postal service. If you live in a different country from the MLM company's headquarter and they send it using normal postage service, it can take anywhere from 2 - 8 weeks for the check to reach you.

When you finally receive the check, you must manually clear it at your local bank and that will take 1 to 6 weeks, depending on your country and your bank.

A typical case where you receive your check from another country is 3 weeks for delivery and 4 weeks for clearance. That leaves you with 7 weeks to live after payment before you can actually use your money.

Writer's suggestion: Avoid this method if you can. Its long and manual process doesn't make sense in the fast moving world of online MLM.

4. Paypal and other "virtual money" forms

If you have ever done transaction on eBay, then you must know what Paypal is. Paypal is an online payment method in which you can pay or receive "virtual money". To use this option you must have a paypal account, which can be opened at www.paypal.com. Paypal only accepts applications from a few countries in the world, so be sure to check whether or not your country is in their list of accepted countries before you try this option.

There are other "virtual money" payments than Paypa, but since they are more or less similar to Paypal, we will group them into this payment method.

With this method, your MLM company will send "virtual money" to your Paypal account on the payment date. The "virtual money" will arrive instantly in your account at the moment payment is sent.

If you plan to spend all of your commision payment online, then this payment option may be correct for you in some cases. You can use the virtual money money for shopping in online shops that receive Paypal.

This way you get to spend the money without having to cash it first. But if you want to use the money in cash, this method is even worse than check. Firstly, you have to notify Paypal that you want to cash the money and you they will send you a check with the amount of money in your Paypal account. The remaining steps are exactly as long and tedious as check payment described in point 3 above.

Writer's suggestion: Never use this option unless you want to spend all your commision money online in sites that accept Paypal.

Conclusion:

- Of all those online MLM payment options, Bank Transfer is the best because it allows you the greatest flexibility with moderate waiting time from payment until money can be used. Even if you plan to spend the commision money online again, it is better to do the online transaction with your credit card then pay the credit card company with the commision money sitting in your bank account.

- If you need cash, Paypal is the worst method of payment to choose. It is limited to several countries only, and the process of cashing the "virtual money" is even longer than checks issued directly by MLM companies.

Now that you know your options, choose carefully.

Johannis Seumahu
Mr. Seumahu runs a Successful MLM Course site, http://mlm-success.990p.com and a site dedicated to people with diabetes at http://1-all-diabetes-supply.blogspot.com

You may copy, publish and distribute this article as long as it is not modified in any way and this resource box is included and the links are made active.

In The News:

Israeli military striking Iranian targets in Syria
Sun, 20 Jan 2019 23:49:00 +0000
Israel's military says it is striking Iranian targets in Syria after it intercepted a rocket fired from Syrian territory.

Crackdown on Zimbabwe protesters 'a taste of things to come'
Sun, 20 Jan 2019 20:47:00 +0000
Zimbabwe's president has cut short his overseas trip after a deadly crackdown on protesters in the African country - which his government has called "just a foretaste of things to come".

170 migrants feared dead in Mediterranean sinkings
Sat, 19 Jan 2019 16:01:00 +0000
Up to 170 migrants are feared dead after two accidents in which dinghies sank in the Mediterranean after leaving North Africa for Europe.

'Hostage-taking': Democrats reject Trump's offer to end shutdown
Sat, 19 Jan 2019 20:59:00 +0000
Donald Trump has offered to extend temporary protection for people brought to the US illegally as children in a bid to end the government shutdown.

Fire kills two in ski resort popular with Brits
Sun, 20 Jan 2019 09:58:00 +0000
Two people have been killed after a large fire broke out in the upmarket French ski resort of Courchevel.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

How Network Marketing Can Help You Build A Second Income Fortune

We live today in an age of inflated money- where... Read More

What 15 Years in the Network Marketing Industry Taught Me

Just whisper the words "network marketing" and you're bound to... Read More

Advice For Selecting A MLM Home Business Opportunity

Looking for a MLM home business opportunity to start your... Read More

Using Testimonials To Create Traffic to Your Web Sites

Most good sales pages for internet marketing products, services or... Read More

Finding Network Marketing Leads

Getting a network marketing lead.Getting a network marketing lead is... Read More

MLM, Pyramid Schemes, and Matrices

Have you ever wondered what the difference is? MLM operators... Read More

Network Marketing Training - The FAST Start New Distributor MLM Success Formula

That is how most people want to go in this... Read More

Five Steps That Will Help You Succeed in Niche Marketing

Niche marketing is a manifestation of how much internet marketing... Read More

How to Avoid the Top 5 Time Wasting Activities in Your Internet MLM Home Business

Many people love to build their internet mlm business from... Read More

Make Your Online Party A Success

Online parties are quickly becoming the better alternative to the... Read More

Multi level marketing online business

What difference does it make to you if the sales... Read More

How To Buy MLM Leads

You may wish to buy MLM leads from a reputable... Read More

4 Unfortunate Myths About Online MLM

Experts and newbies are alike in misunderstanding the way online... Read More

MLM Network Marketing Training - Are You Thinking Yourself Out of MLM Success?

After nearly 20 years in this MLM industry, I have... Read More

4 Key Considerations in Choosing a Network Marketing Opportunity

The network marketing industry is undoubtedly one of the best... Read More

MLM Training - The MLM Success Declaration of Independence

MLM Success Declaration of Personal Independence is a declaration of... Read More

Is A Good MLM Sponsor Important?

You've found your new MLM product or service, it's a... Read More

Network Marketing - Its All About Customers

Leadership, Visualization, Goal-setting, blah, blah...All network marketers have heard that... Read More

Clueless About Network Marketing?

A year ago, I began reading about real estate and... Read More

Contextual Ad Networks - The Baby Boom Is Upon Us

No, this baby boom will certainly not swamp the Social... Read More

Essentials of Network Marketing

Surely by now you've heard of network marketing and its... Read More

Network Marketing Tips - Same Number of Years In The Business, So Why Different Results?

The first time i went for my network marketing business... Read More

Network Marketing Lets You Use Collaborative Approach - and Get Leveraged Earnings

By helping others to grow their business you ensure growth... Read More

Finding MLM Leads Thru Creativity

Not too many years ago we found mlm leads the... Read More

MLM Success - You MUST Know What the CORE of MLM Success Is

What is a CORE?It is the VERY Heart of something.... Read More