Hyperwallet, a leading payout platform of the new economy, today announced the launch of its new loyalty program for independent workers. The program, which will be offered at no cost to Hyperwallet customers, gives organizations the opportunity to incorporate rewards into their existing earnings distribution processes.
As the preferred payout provider to the $182 billion direct selling industry, Hyperwallet sees the new program as an opportunity to help companies maximize their revenues. One of Hyperwallet’s largest direct selling clients has already begun implementing the solution, rewarding its global representatives when they opt to receive their commission payments on a prepaid card. Over the course of the next year, these representatives will be eligible to earn a range of high-value rewards including gift cards, iPads, and trips to corporate events.
“Our use cases have shown that card programs have a tangible impact on the revenues of our direct selling clients,” said Brent Warrington, Hyperwallet’s CEO. “Not only do cards encourage more sales actions, they also alleviate much of the administrative and financial burden that comes with alternative methods of commission distribution.”
The announcement coincides with Hyperwallet’s broader initiative to integrate loyalty and rewards programs into its payout platform. The company recently launched its Incentives feature, designed to boost recruitment and sales by allowing distributors to motivate their downline with monetary rewards.
