Network Fees
There are NO network fees payable until a "5-Star Rating" is achieved by being endorsed by 5 different 5-SLN Network Partners. This is to ensure that new Network Partners first get to know and work with their peers, contribute business into the 5-SLN system and first get a satisfactory Return on Investment (ROI). Network Fees will be invoiced immediately upon a company achieving a 5-Star Rating. 5-SLN wants to make sure that only quality focused, operational capable and financially solvent companies become long-term Network Partners.
5-SLN accepts Network Applications from any company that has been established for a minimum of 2-years; has a website and can demonstrate operational integrity and financial stability. 5-SLN will check references supplied during the Network Application process. A USD 250 Network Application Fee is applicable.
Upon becoming full accredited - by achieving a "5-Star Rating" (being endorsed by 5 different 5-SLN Network Partners), the following Annual Network Fees are applicable:
10% of all Network Fees will be allocated to the "5-SLN Foundation" and contributed to worthy charitable causes.
5-SLN accepts Network Applications from any company that has been established for a minimum of 2-years; has a website and can demonstrate operational integrity and financial stability. 5-SLN will check references supplied during the Network Application process. A USD 250 Network Application Fee is applicable.
Upon becoming full accredited - by achieving a "5-Star Rating" (being endorsed by 5 different 5-SLN Network Partners), the following Annual Network Fees are applicable:
10% of all Network Fees will be allocated to the "5-SLN Foundation" and contributed to worthy charitable causes.
The Annual Network Fee stated above covers the Network Partners' Head Office and Primary Branch. Additional Branches in the same country can be added at 25% of the relevant Fee shown above.
5-SLN offers Basic PIP coverage as a guarantee to Network Partners covering initial transactions to establish open-account status (avoiding Prepayment/COD delays) at no cost. In addition, upon achieving 5-Star status, Network Partners will be able to enroll in the Optional Payment Insurance Plan (PIP Coverage) Please visit Payment Insurance Plan (PIP) for additional details.
