The multilevel marketing (MLM) business model, also known as direct selling, is a popular method for selling various products and services. Some of the most notable MLM companies are Avon, Mary Kay, Tupperware, Amway, Herbalife, Telecom Plus and Primerica. These businesses are attractive to many aspiring entrepreneurs due to the opportunity to increase revenues exponentially by recruiting others — and receiving a portion of the sales they generate.
Although multilevel marketing has been around for decades, some credit card processing service providers classify them as high-risk ventures. Many banks are also reluctant to partner with MLM companies.
If you’re looking to start a direct selling business, it’s good to know that Zen Payments can serve your multilevel marketing credit card processing needs. We believe that no good company should be left behind. When other payment firms say no, we can often say yes.
While many MLM companies are legitimate businesses, the industry is also rife with scammers. These unscrupulous individuals devise unlawful pyramid schemes where those at the top keep the cash and the ones at the lower levels lose most or all of their investment. These illicit activities have given the industry an unsavory reputation. Consequently, many standard payment processors and the banks they partner with tend to steer clear of any entity that resembles an MLM company.
Chargebacks are another issue that can hinder the ability to obtain merchant accounts for multilevel marketing purposes. The fly-by-night nature of the industry, where many businesses close up shop with little notice, can create a slew of refund requests. Many banks and low-to-moderate-risk payment processors want to avoid excessive chargebacks — and the potential legal repercussions that come with them — at all costs.
Zen Payments has been providing payment processing solutions for all types of high-risk businesses for more than 15 years, including MLM companies that sell:
Our years of experience, numerous connections with financial partners and familiarity with this unique business model make us the best merchant account for reputable MLM companies like yours.
When you choose our payment gateway for your direct selling company, you’ll get:
Multilevel marketing businesses like yours can face numerous challenges due to all the negative perceptions of the industry. If you’ve had a difficult time securing an MLM payment gateway for your business, you’ll appreciate the Zen Payments difference. Treating our clients with courtesy and respect has been the cornerstone of our operating philosophy since the beginning. With us, it’s all in the name. We’ll make your experience as pleasant and stress-free as possible.
Discover why Zen Payments should be your multilevel marketing payment processor. Call our merchant services specialists at 844-661-0725 or contact us online to get started.