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Case Study: Enabling NRM Wallet Payments for Seamless In-Store Purchases on WP and Shopify

Nov 08, 2024

MLM Soft recently developed a solution allowing network members to make direct purchases using funds from their NRM wallets, bypassing traditional bank transfers. This innovation, available for online stores built on WordPress and Shopify, brings significant advantages to MLM companies and their members, reinforcing loyalty, improving cash flow, and enhancing the overall shopping experience.


Key Takeaways

  • Streamlined, Company-Supported Shopping Experience: Members can conveniently use wallet funds directly at checkout, enhancing loyalty and reducing transaction complexity.
  • Encourages In-Network Spending: By using wallet payments, members are incentivized to reinvest earnings within the network, benefitting both the business and its members.
  • Customizable Checkout Options: Companies can control wallet display, positioning, and payment limits to align with their brand and operational objectives.
  • Reduced Transaction Fees: Members save on bank transfer fees, while businesses retain funds within the network for reinvestment, optimizing cash flow.


The Client's Need: In-Network Spending Without Bank Transfers

Typically, MLM distributors accumulate funds in internal wallets, like the NRM wallet, that are used for payouts or network-related expenses. However, transferring these funds to personal bank cards can involve delays, fees, and added steps. More importantly, when members withdraw their earnings, businesses miss the chance to keep spending within the network. A solution that allows members to make direct purchases with wallet funds at company stores enables businesses to:

  • Increase ease and speed of transactions,
  • Avoid transfer fees and reduce friction in the user experience,
  • Retain funds within the company ecosystem, and
  • Provide members with a more integrated, supportive shopping process.


Solution Overview: Direct NRM Wallet Payments in WordPress and Shopify Stores

MLM Soft’s solution enables members to shop directly using their NRM wallet at stores on WordPress and Shopify platforms, making it easy to spend wallet balances without going through the transfer-to-bank process. This wallet integration is fully customizable, allowing businesses to adjust the wallet icon’s position, set maximum payment percentages, and control wallet display on the checkout page.

This innovative approach turns the NRM wallet into a versatile spending tool, creating a closed-loop system that keeps funds within the MLM ecosystem, benefiting both the network and the business.

For those using Shopify, MLM Soft’s experience with Shopify integrations ensures seamless functionality aligned with e-commerce best practices, helping MLM companies create a smooth and efficient shopping experience.


Key Features of the NRM Wallet Payment Solution

  1. Adjustable Wallet Icon Positioning
    Businesses can customize the icon's position on their site’s checkout page to align with the brand's design, ensuring the wallet is both accessible and visually integrated into the website layout.
  2. Control Over Maximum Payment Percentages
    MLM Soft’s solution allows clients to set the maximum percentage of purchases that members can cover with wallet funds. For example, companies might permit members to pay 50% of a purchase with the NRM wallet and the remaining amount with another method. This feature lets businesses encourage in-network spending while managing their cash flow effectively.
  3. Platform Compatibility with WordPress and Shopify
    This solution supports WordPress and Shopify stores, two of the most popular e-commerce platforms. This flexibility ensures a broad range of MLM companies can implement the NRM wallet payment feature, regardless of their preferred platform.

For companies looking to understand the broader benefits of automation in MLM systems, MLM Soft’s article on MLM Payout Automation provides insights into how automated systems streamline payouts and enhance user satisfaction.


Value to the Client: Benefits of Retaining Funds Within the Network

  1. Increased Brand Loyalty and Engagement
    By allowing members to use their NRM wallet directly at checkout, businesses make it more attractive for members to spend earnings on company products, enhancing loyalty. Members are more likely to reinvest in the company’s offerings, reinforcing their commitment to the network.
  2. Cost Savings and Operational Efficiency
    Without the need for bank transfer fees, members benefit from direct, cost-effective transactions. For businesses, the ability to retain funds within the network reduces the outflow of cash and enhances operational efficiency, making it easier to reinvest resources back into growth areas.
  3. Enhanced User Experience Through Customization
    Customizable wallet placement and payment limits give MLM companies control over the shopping experience, allowing them to design the checkout process in line with brand aesthetics and operational goals. This level of control provides a cohesive, company-supported purchasing journey for members.
  4. Support for Business Cash Flow
    Enabling wallet payments directly at checkout helps companies keep cash within the network, supporting internal cash flow and reducing the need for frequent external withdrawals. This closed-loop system benefits the network's financial stability and growth potential.

For more information on configuring MLM systems for growth, check out MLM Soft’s Configuration Options, which detail how customizable solutions meet diverse business requirements and adapt to evolving client needs.


Real-World Application: Simplified Purchases for Network Members, Real Value for Business

Imagine a distributor browsing the company’s online store. Instead of having to transfer their wallet balance to a bank account, they can select the NRM wallet option at checkout, confirming their purchase instantly without delays or fees. This streamlined payment method simplifies the shopping process, reduces friction, and encourages repeat purchases.

For the MLM business, the benefits are clear: a direct payment solution keeps funds circulating within the company’s ecosystem, supporting reinvestment in product development, customer support, and network expansion. This feature underscores how MLM Soft’s approach to seamless integrations, like those detailed in real-time notifications, can strengthen the connection between network members and the business.

The NRM wallet integration for WordPress and Shopify stores is a powerful example of how MLM Soft’s tailored solutions add measurable value to MLM networks, supporting business growth, improving cash flow, and creating a more connected member experience. To explore similar integrations or customize your network’s payment options, schedule a demo with MLM Soft today.

Interested in Professional MLM Software? Book Free Demo with an Expert!

MLM Soft Cloud Platform is a modern high-performance software to run any multi-level or referral marketing business. Our platform is used by traditional MLM companies in health&beauty segment, as well as other industries using multi-level and/or affiliate marketing to boost their sales: infobusiness, education, real-estate, consulting, crypto, trading, etc.

Discover how we can build a customized solution for your business on MLM Soft Cloud Platform during a demo-call with one of our experts.

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