An E-Wallet is a virtual storage space which stores information about E-Money, E-pin, etc. E-Wallet guarantees that E-commerce dealings are done with easiness and safety. E-money, also known as E-currency is the cash that is used in online financial transactions, but not in the physical form (not in the banks). In Infinite MLM Software, E-wallet holds an extensive role.
Use of E-Money Or E-Wallet in MLM Software:
Like all other E-commerce platforms, MLM Software also features with E-money, E-pin & E-wallet. When a financial transaction is performed using the E-money, the whole process is completed within a matter of time. Along with the versatile features, our MLM Software also ensures secured E-Money transactions. For an MLM Company, an E-wallet system is essential to manage and operate all Cash-in, Cash-out financial information of the user.
Cash-in process takes place when:
- The Member gets a commission from MLM Plan.
- Through deposits (which is transferred from Credit Cards, Debit Cards or any other Payment Gateways).
- From other E-Wallet accounts as E-money transfer.
- As bonus etc.
Cash-Out process takes place when:
- User pays the new membership fee for online registration
- During withdrawal
- While transferring E-money to another E-Wallet account
- While adjusting bonus
- While buying E-pins
- While Upgrading member account
- While Requesting E-Money withdrawal etc.
Features of E-wallet in the Infinite MLM Software are:
- The amount in E-wallet can be used for purchasing E-pins.
- The amount in E-wallet can be used for new registrations.
- The amount in E-wallet can be used for ordering/purchasing product.
- Can transfer Money to other E-Wallet (From one user to another).
- The Amount deducted in re-purchase from payouts can be transferred to E-wallet.
- Virtual Money Storage
- Secure & Trustworthy
- To perform Cash in Process
- To perform Cash Out Process
- Money Transfer
- Used to buy E-Pins
- Used for adjusting bonus
- Used for new registration & Member Upgradation
- Used for Requesting E-Money withdrawal
Altogether E-wallet ensures smooth and safe MLM Business with no risks. In total, always ensure that you choose the best MLM Software with an efficient E-Wallet system for your MLM Company. Our MLM Software provides an E-Wallet system with numerous features that can ease your MLM Business. You can Register here and start using our FREE MLM Software Demo NOW.