Ewallets or electronic wallets or online wallets, whichever you prefer, are increasingly becoming a more safe and secure way to both send and receive money. With the ever-deeper push into digital territory, this payment method makes it much easier to deposit and withdraw funds for affiliates on their way to earn commissions. Now, that all sounds fine on paper, but why should affiliates go for an ewallet? With this post, we aim to answer that question. Let’s begin.
Even though search engines and email capture the majority of focus of the online retailing world, affiliate marketing has a valid seat at the table. Although frequently overlooked by much of the advertising world, affiliates play an important role in online marketing strategies. While the situation finds them in much less spotlight than their other advertising counterparts, affiliates still see a sizeable money flow, depending on the scale of their operations.
When working in a global industry (which affiliate marketing certainly is), there is a lot of sending, receiving and withdrawing funds in a variety of currencies. An affiliate needs to go through a simple, yet often costly procedure of converting from the paid currency to the local currency. That’s the simple part, the often costly part is using high currency conversion rates to convert the given amount.
Selling online requires a suite of financial products for the merchant to simplify and and minimise costs at all stages of the process. In a sense, there were three generations of financial service providers ready to step in to the market: firstly, the traditional banks, secondly, the 1990s and early 2000s wave of internet companies such as PayPal, and thirdly, the recent wave of innovative fintech (financial tech) companies who are successfully making financial products much more readily available and bringing down barriers for both merchants and consumers.
This is where MoneyNetInt fits in: as a third wave provider of financial services aimed at enabling e-commerce sellers all over the world. This means products for all stages of the business cycle – customer payments, international transfers, and so on. Here’s an overview of MoneyNet’s full range of services.
Topics: moneynet solutions