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Net Element, Inc. (NETE) Empowers Sales Partners through New Financing Solutions, Sales Incentives

Net Element, a global technology provider in mobile payments and value-added transactional services, has launched three new programs to provide financing solutions and sales incentives to sales partners and ultimately foster business growth.

“With this investment in our distribution channel we intend to aggressively expand our U.S. footprint,” Oleg Firer, Net Element CEO, stated in the news release. “The payment industry is in a state of flux driven by technology and agents are seeking new revenue opportunities. By providing an omni-channel, payment-as-a-service platform with value-added services, we intend to help facilitate the business success of our partners.”

The portfolio financing program is offered in partnership with RBL Capital LLC through a newly created brand called “Unified Prosperity Financing.” This program is designed to leverage RBL’s experience financing merchant portfolios to provide Net Element sales partners streamlined processing and access to capital in as little as three days.

The vision and team efforts of sales partners such as independent sales groups, value added resellers, system integrators, and affinity partners can be limited by not having the access to capital required to fund business growth. Net Element anticipates that the financing program will attract more sales partners and enhance revenue potential from its existing sales network.

Designed to collateralize sales partner merchant portfolios, financings will be based on sales partner residual portfolios with loans estimated to range from $25,000 up to $2 million.

Unified Portfolio Acquisitions Program

Net Element has also expanded its Unified Portfolio Acquisitions program, which was introduced to sales partners last year. The program enables Net Element to aggregate merchant contracts and lower processing and transaction costs as it scales its portfolio of merchants.

Like the Unified Prosperity Program, merchant portfolios acquisitions will provide sales partners with instant liquidity that can be used to finance marketing and sales initiatives required to grow their business.

Net Element’s overarching growth plan includes establishing recurring income streams which can be grown organically by adding value-add services such as business productivity tools from PayOnline or the company’s Aptito Point of Sale (POS) service.

New Sales Incentive Program

Net Element’s new sales recruiting program is built upon the company’s customer-first, technology-centric, payment-as-a-service mission to empower global small to medium enterprise payment acceptance, including traditional card-present, mobile and e-commerce transactions.

Cash incentives will be rewarded to top producers and sales partners will be provided with the following additional benefits:

• Access to Net Element advanced suite of transactional services, equipment, innovative card programs, mobile payments and customized programs for merchants and retailers
• High income potential
• Cloud-based mobile payments platform
• State-of-the-art “Sales Central” partner interface, designed to provide enhanced integration with Sales Partners and lower sales costs
• Professional sales training and continual support
• Sign-up bonuses
• Cooperative marketing programs
• Proprietary, all-in-one, hospitality management and point-of-sale platform

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