NEW YORK, NY--(Marketwired - Jun 9, 2015) - Zipmark ™, the online payment solution that enables businesses to easily make or accept secure digital check payments, announced today it signed a new client, Solavei, the world's first social commerce network and mobile service provider. Solavei has had over 400,000 people become members with mobile service over the last two years. Those members will now be able to take full advantage of Zipmark's innovative payment system. Through Zipmark, businesses and its users can easily send and receive funds, at minimal cost, to and from multiple bank accounts, all the while improving the company's cash flow and customer experience.
Solavei's social commerce network will benefit from faster, overnight disbursements and the ability to receive payments directly into their checking accounts or Solavei's Visa prepaid debit cards. Through the streamlined process, Solavei and its members can now avoid the inconvenience of paper checks and high costs associated with wire transfers or card processing.
"We are excited to have Solavei on board and to extend our superior service to their members," said Jay Bhattacharya, CEO and co-founder of Zipmark. "Like Solavei's innovative approach to social commerce, we are changing the way companies manage their operations and payments processes, and we are confident that as more businesses experience our seamless, fast, and secure products, we will have the opportunity to expand our reach and continue to improve the payments industry."
Since launching in September 2012, Solavei has built a user base of over 400,000 members. Through the power of Solavei's Social Commerce Network, members can save and earn additional income by simply sharing Solavei's mobile service with their friends and family. Since 2012, thousands of users have earned additional income, totaling more than $29 million.
"We are happy to partner with Zipmark and to provide a fast, reliable, and secure compensation payment platform to our members," said Ryan Wuerch, Founder and CEO of Solavei. "All of our compensation payments processing will be streamlined resulting in members' earnings appearing faster than ever in the banking account of their choice."
Zipmark improves accounts receivable and payable for businesses. Many firms opt for paper checks as a result of exorbitant transaction fees associated with other types of payment options such as card processing and ACH. Through Zipmark's API, businesses can easily integrate and implement a fast and secure payment experience for their customers, and send and receive funds faster than ACH.
Zipmark recently acquired WorkingPoint, positioning the company as an all-in-one payment platform that streamlines the entire financial process for small- and mid-size businesses.
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About Zipmark
Zipmark is an online payment solution enabling businesses to easily make or accept secure digital check payments. Zipmark is dedicated to reducing the amount of time and money it takes businesses to collect and deposit their payments. Through Zipmark, businesses can easily integrate with the platform and benefit from a lower cost alternative to credit and debit cards. The company was launched in 2010 by Jay Bhattacharya and Jake Howerton, and is based in New York City. Zipmark's investors include Village Ventures, Contour Venture Partners, NYC Seed, High Peaks Venture Capital, Scout Ventures, Shai Stern, Don Layden and the New York City Investment Fund. www.zipmark.com
About Solavei
The world's first social commerce network, Solavei represents a whole new way of doing business. While other companies spend billions on retail locations and traditional advertising, Solavei rewards its members for sharing Solavei with the people who know and trust them. Solavei does this by providing a social commerce network that enhances its members' social connections and rewards them for sharing the products and services they use every day. Former Fortune 100 telecom and retail executives and advisors lead Solavei. For more information, visit Solavei.com. For the brand's latest news and updates, find Solavei on social media at Facebook.com/Solavei and Twitter.com/Solavei.
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