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Processor Worldline is adding a flexible payment element to its revenue-share model for its North America partners servicing e-commerce merchants. And, payments provider Payroc says it will be the launch partner for the Ingenico Axium point-of-sale terminal line.
Worldline’s new product, called FlexCommissions, enables its software and independent sales organization partners to choose the frequency of their revenue-share payouts instead of being tethered to a standard monthly or 30-day period.
The expectation is the service will provide Worldline’s North American partners with improved cash flow and the ability to choose when they receive their commissions. Revenue-sharing plans have been for decades a central part of the acquiring industry. “The market standard is to receive revenue sharing profits every 30 days, and this product challenges that,” Justin Passalaqua, Worldline North America country director, tells Digital Transactions News in an email.
Motivation for the program came from requests from Worldline partners who wanted more frequent payouts, Worldline says. Unlike some other revenue-sharing models, FlexCommissions has no minimum threshold, the company says, adding it is available now. To qualify for FlexCommissions, the company must work with Worldline and participate in its revenue-sharing program, Passalaqua says.
In related news, Tinley Park, Ill.-based Payroc says the launch of Ingenico’s Axium POS line is starting with the DX8000 smart terminal. All Axium devices use the Android operating system. The Axium product line was introduced in 2018, but has been refined in the ensuing years.
