Juno Payments can meet all your multi-level marketing (MLM) processing needs including international payment processing, credit card processing, check processing, and more!
By default, many Multi-level marketing businesses are considered “high risk” in the eyes of the credit card associations. Often times, companies who operate this type of business model find it difficult to establish as well as maintain solid relationships with merchant account providers. Should a merchant bank decide to accept your business, they may charge very high discount rates and ask for a large upfront reserve.
At Juno Payments, we can help your company set up multiple merchant accounts located both in the United States as well as internationally. We typically recommend that multi-level marketing companies have at least one or two US banking relationships and one international merchant account. We only work with merchant banks that have an understanding and a long-term commitment to work with this type of business model.
Our Business Model
We will disclose all processing fees and requirements upfront and all information will remain confidential. There is no obligation to work with us and we do not charge a fee for our MLM consulting service. We have a very strong understanding of your business model and in this industry and can place your business with a merchant account provider that will be your long-term banking partner. Should issues arise such as chargebacks caused by a few bad affiliates, you will not be terminated or given 30 days’ notice to find another processor. Rather, an account manager will work with your team to help implement immediate steps that will help reduce chargebacks. This will help to ensure that your business remains in good standing with the card associations. Next, the bank and our team will help you implement enhanced practices/procedures to reduce future risk exposure. If you are a new MLM business, we can help you implement these practices prior to launch.
We have extensive experience in the e-commerce/mail order payment processing space, we can honestly say we understand your industry better than most. We try to separate ourselves from other merchant account companies by providing your business with an ongoing support system. Our merchants can decide how much involvement they want us to have in their business. For some clients, we help coordinate calls between the bank and the merchant; manage issues until resolution, etc. For other MLM companies, we work with the merchant and the bank until the account goes live. Then we follow up periodically to make sure their merchant needs are being met.
Merchant Account Placement
Whether you are a start-up and need a merchant account or would like to add an additional merchant account to spread out your volume, Juno Payments will work with your team to review your offering, recommend changes that might be required by the card associations and issue merchant ids with our banks. We offer a robust gateway and reporting platform that has all the tools you will need to scale your business. Our proprietary fraud products are included with our gateway. The goal is to help you reduce the number of vendors you work with. We are integrated or can integrate with most CRM or MLM platforms.
MLM Payment Processing Review
We offer a no-cost evaluation to existing MLM businesses who are looking for ways to reduce costs, streamline the number of vendors you work with to process payments, reduce fraud, expand globally, or migrate from a legacy platform to a scalable billing solution. For Multi-level marketing merchants, changing credit card processors can seem too cumbersome to even consider. And merchant banks are VERY aware of this. During the initial set up of your Internet merchant account, you were most likely considered an internet start-up or a high-risk account. Discount rates, gateway fees, and volume caps might have been pre-set based on that criterion. This is where our company can help you. We will look at the total picture, which includes reviewing your current platform, evaluate your actual costs and your chargeback performance and company growth pattern. Based on this criterion, we will offer our recommendations. By implementing some or all of our customized recommendations, you will typically realize savings of approximately 15-50% in both soft and hard costs. For mid to large-sized e-commerce merchants, this represents tens of thousands of dollars in annual savings.
Dedicated Account Management
Many merchants quickly find that managing their merchant account relationship(s) can be a full-time job. Also, dealing with processing account reps can be frustrating and time-consuming. More so, businesses are being bombarded with emails and calls from merchant bank agents and software vendors trying to sell them the latest and great tools that WILL increase their bottom line. Our team has worked for some the leading domestic and offshore banks in the world. We know what your business needs and what platform and tools look pretty on the outside but lack value. We will work direct with your processors and ensure that your chargebacks ratios are being managed properly, educate you on new developments and conditions at the card association level, and make sure you are getting the best rates possible for the MLM vertical.
Did you know that by changing the way you send data to your processor can affect the number of transactions that downgrade? Processors don’t tell you this because they make more money on your non-qualified transactions. We analysis all your data and the way you present it to the bank.
Payments RFP Management
Processing technology has come a long way in the past 5-7 years. If you are considering reviewing alternatives to your current payment platform, let us help drive your RFP selection. After we do a review of your current system and determine what features you are looking to add and improve upon, we can help identify a group of providers that can meet your criteria.
MLM Global Expansion
Global Expansion is a key component for the majority of multi-level marketing and direct selling businesses. Our banks are located worldwide. Through a single integration to our platform, we can help you expand into different regions including U.S., Canada, South America, Europe and many other currencies. You can bill and settle in local currencies as well as accept local payments and bank transfers. Our services are offered a la carte. If you happy with your current US provider, we can work together on business outside the US. We do not require exclusivity. If your business has experienced issues in the US and would like to migrate your transactions to an international partner, we will walk you through the process and get the accounts live.
We have the industry knowledge to help merchants reduce fraud, manage current chargeback issues and implement best practices going forward. If you choose to use our gateway, our internal fraud tools including a negative database, AVS, CVV, Secure Code, velocity checks, bin blocking and more. Our goal is to help you increase conversions with clean transactions.