Amway Launches Prepaid Payment Programme in US and Canada
Amway, a direct selling company, has selected Citi Prepaid Services as a partner for its electronic payment (e-payment) process in North America. Citi will provide a branded electronic payment solution, which includes an Amway prepaid Visa card in the US and an Amway prepaid MasterCard card in Canada. This account offers an alternative to paper cheques for bonus payments to Amway independent business owners (IBOs).
Amway IBOs will no longer have to wait several days for their bonus cheques to clear to redeem their funds. Instead, they will have immediate access to their payment on the day the bonus is issued. The Amway Visa card and the Amway MasterCard card can be used to make purchases in stores, online, by phone and at ATMs at millions of locations worldwide, wherever Visa and MasterCard debit cards are accepted.
“We’re thrilled to have such a strong relationship with an industry leader like Amway,” said John Kohari, Citi’s Global Head for Prepaid Cards. “True to their reputation, Amway is demonstrating the value they place on their distributors’ experience by providing much faster access to their bonus payments.”