The eWallet is a digital wallet provided by LifePharm where your compensation plan earnings are deposited. Here are some key features and uses of your eWallet:
1. Purchasing Products
- You can use your eWallet to purchase LifePharm products.
2. Paying Annual IBO Fee
- The eWallet can also be used to pay your annual IBO renewal fee.
3. Transfer Funds
- You can transfer funds to and from another IBO's eWallet, making it easy to share your earnings.
4. Withdraw Funds
- You have the option to withdraw your eWallet balance to your chosen commissionable payment method.
Your eWallet offers a convenient and flexible way to manage your earnings and make purchases with LifePharm.
Please note that LifePharm IBOs will be charged a monthly US$10.00 eWallet maintenance fee should they become inactive for six or more months. Following 12 months of inactivity, LifePharm will deduct US$20.00 per month from the IBO's eWallet.
eWallet transfers between accounts and withdrawals will only be allowed if we have a valid W-9 (for U.S. IBOs) or W-8 (for non-U.S. IBOs) tax form on file. Without these forms, the law allows U.S. tax authorities to impose significant fines and penalties on LifePharm. Such penalties would limit our ability to invest in the innovative solutions and services that you, our IBOs, rely on to grow your business. Preemptively incorporating these measures now allows LifePharm to continue its growth trajectory and create a stable foundation for the foreseeable future.
If you have any questions or need further assistance, please contact our Customer Service Department.