Global payouts provider Hyperwallet announced that it has entered into a payouts agreement with MONAT Global to expand the company’s payment options for its independent merchant partners and to help support international growth.
MONAT Global specializes in haircare products and relies on a direct sales/social marketing model to reach its customers. With the help of Hyperwallet, MONAT will launch its MoMoney commission program that will utilize prepaid cards and a self-serve Pay Portal for market partners to manage their earnings.
“Once we determined that we needed to find a commission partner, Hyperwallet was the obvious choice,” Javier Urdaneta, director of operations at MONAT, said in a press release.
“Not only do our market partners have far more control over their earnings; we’ve also been able to dramatically reduce the administrative burden on our operations teams and unlock new global payout capabilities. Hyperwallet will be able to keep up with the rapid expansion we’ve experienced over the past few years and allows us the ability to provide our market partners with the best payment solution possible,” Urdaneta added.
MONAT will use Hyperwallet’s Loyalty add-on to enable its market partners to earn rewards. Merchant partners will also have access to a Tax Services add-on in order to validate their tax information after crossing the earnings threshold for tax reporting.
“MONAT has all the signs of a company ready to take off,” Brent Warrington, Hyperwallet’s CEO, said. “They’re in a terrific position to grow their business in new geographies — and with Hyperwallet’s extensive network, they’ve eliminated many of the major hurdles to international expansion. We’re excited for our ongoing partnership with MONAT and look forward to our part in their future success.”