Network Marketing Payments In Many Different Forms
How you will get paid in network marketing depends on the program you are involved with and its compensation plan. It is very important that you find out what those payment options are going to be prior to signing up. You need to be confident that you are going to get paid on time and for the right amount of money you have earned through those marketing efforts.
The best programs offer you several payment options. You get to select the one that works best for you. Should your preference change, you can simple go into your account and make the necessary changes. The network marketing program should clearly state how often you will get paid. For example you may get paid weekly, bi-weekly, semi-monthly, or monthly.
Many have a stipulation that you must earn a minimum amount too. For example you may have a weekly pay out but you need to earn at least $100 to get paid. If you only make $90 in a given week, then you won’t get paid. That money will roll over to the following payout period.
Fast And Simple Payments
With the technology we have today, most of the methods for getting paid through network marketing are fast and simple. Paypal and direct payment into your checking account are two of the most common options. Some companies still have the option to get a check sent to you but there is usually a charge of $2 or more. With PayPal the funds can be placed into your account and then you can withdraw them with a Paypal debit card or you can pay for items online with funds from your account. You can also move money from your Paypal account to an attached checking or savings account of your choice.
If you would like to provide your checking or savings account details, your earnings from network marketing can be deposited directly into that account. This is fast and it is convenient. However, you do want to be absolutely sure you are working with a reputable company. Otherwise, you are taking a risk by sharing your personal financial information with them. There are many so called scam companies that are here one day and gone the next. Beware of companies set up offshore or not in your country of origin.
Direct Deposit Of Your Funds
Many people like the idea of direct deposit though as they are able to access their funds the same day that they are deposited. The funds can be used to pay for items online, you can write checks, or you can use your debit card to access those funds.
Western Union is also a way for you to get your money. However, there can be fees that add up quickly with this type of method for getting paid through network marketing. This process involves an electronic transfer of the funds. Then you go to a retailer that offers Western Union services. You will need to provide your transfer code and a photo ID to pick up your cash. I would be very careful with any company that deals in paying with this option. Some of these companies operate in the grey area or are shady companies to deal with.
Physical Checks Still Alive And Well
There are still plenty of network marketing entities out there that will mail out physical checks. To help keep operating costs low, they typically only mail out checks once a month and charge a small fee as stated above. There is a cutoff date for payment, and then checks are completed. It can take several days for you to get your check in the mail. It depends on where you live from the company location, holiday time, and weekends.
If you have the option of direct deposit then that is the payment method of choice with most people and companies. So you can now see that to get paid in network marketing is quite easy.