Network Marketing structures are designed to create a marketing and sales force by compensating promoters of company products not only for sales they personally generate, but also for the sales of other promoters that they introduce to the company -- creating a down-line organization of distributors with a hierarchy of multiple levels of compensation opportunities. Distributors are awarded a commission based upon the volume of product sold through their own sales efforts as well as that of their down-line organization. Distributors often earn additional profit by retailing products they purchased from the company at wholesale prices.
Network Marketing is now a global phenomenon, operating in more than 100 countries. Many participants use it as a part-time job to augment their incomes, while others devote their entire career to it either as pure salespeople and/or as retail product distributors. These selling and buying payment cycles, often in multiple currencies, lends themselves to customized "Pay-In" and "Pay-Out" solutions hosted on the Wave Crest eMoney platform.
Wave Crest offers a suite of highly secure payment products to enable Network Marketing participants to be paid --"pay-out"-and purchase network products -- "pay-in" through internet point-of-sale capabilities. Network participants can be organized by region and currency, facilitating commission payments to them in multiple currencies.