Club Vivanet provides multi-national organizations and direct marketing companies (such as MLM companies) an efficient method of distributing payments worldwide to their affiliates, employees, independent contractors and vendors. U.S. issuing banks cannot distribute debit card accounts to foreign residents. Consequently, through Club Vivanets affiliation with international issuing banks and processors, the company offers international bank issuance to any foreign country and properly documented foreign residents.
Club Vivanets payment technology is based upon an international bank issuing virtual online accounts (e-wallet) to cardholders supplying the proper KYC (Know Your Customer) information. The companies that are funding these accounts must pass due diligence requirements by the international issuing bank. These multi-national companies fund virtual accounts and debit cards to process commissions, wages or rebates.
The affiliate/employee/independent contractor can then access their virtual online account and they have four options in disbursing their own funds:
1. TRANSFER MONEY to their international debit Visa/MasterCard or ATM Pin-Based Maestro debit card.
2. PURCHASE PRODUCTS from the company within our “closed loop processing platform”. Companies desire this method of acquiring funds from affiliates because it’s not on the Visa/MasterCard rails, i.e., less expensive, no charge backs and more timely receipt of money. Furthermore, the virtual accounts can be customized to allow for restrictions on payouts vs. product purchases.
3. TRANSFER MONEY to the affiliate/employee’s personal bank account in an international bank through an online transfer mechanism. (Much less expensive than bank wires).
4. SAVE MONEY in your virtual online account – the same as any bank account.
If multi-national companies choose not to use the virtual online accounts, payments can be made directly to the international debit cards.
- CLUB VIVANET CAN ISSUE BRANDED CARDS - (MasterCard or Visa) to virtually anyone around the world, regardless of their credit or banking history while being compliant with U.S. and International laws.
- CONVENIENTLY PAY AFFILIATES - vendors and employees from around the world for less than the cost of cutting a check or sending wires.
- CREATE AND CONTROL CORPORATE PAYMENT CARDS - for employees to monitor company spending, or do the same for your children in college to control their spending.