Merchant Referral Bonus Policy
Last Update: July 01, 2017
- General. The Merchant Referral Bonus Program ("MRB Program") is a program that allows you to receive a payment from GlobePay ("Bonus") into your GlobePay account for referring a merchant ("Referred Merchant") to GlobePay. To participate in the MRB Program, you must comply with all of these requirements, and have a GlobePay account that is in good standing.
- Referred Merchants. The Referred Merchant must be a business with whom you have a pre-existing relationship. You may not obtain names for referrals from group email addresses, third party bulk mailing lists, customer lists, or other similar sources. You may not send unsolicited e-mails ("Spam"). If you send Spam, GlobePay may immediately and permanently close your account. You may not refer yourself for the MRB Program. You will not be eligible for a Bonus for referring a merchant that signs up for GlobePay during a reduced fee promotional offer period.
- Bonus Requirements. In order for you to receive a Bonus, the Referred Merchant must: (1) sign up for a GlobePay Business Account through your Merchant Referral link provided by GlobePay; (2) become a verified user; and (3) not already have a GlobePay Personal, Business account at the time of the referral. All of these steps must be completed prior to you being eligible for a Bonus. GlobePay may discontinue or modify the MRB Program at any time by providing you with thirty days’ notice. In the event that the MRB Program is discontinued, you will receive the Bonus for all of your Referred Merchants that have satisfied all of the requirements in this section prior to the discontinuation date of the MRB Program. For all referrals, you must have a GlobePay account in good standing. All conditions must be met before the Bonus expires.
- Bonus Amount. The amount of the Bonus is based on the amount received by Referred Merchant in their GlobePay account.
- Bonus. You will receive a Bonus equivalent to 0.10% of the amount received by Merchant.
- Maximum Bonus. You may only receive up to 50,000.00 INR as bonus for per Referred Merchant.
- Bonus Period. You are eligible to receive Merchant Referral Bonus payouts for every payment received by the merchant to GlobePay business account.
- Bonus Frequency. You will receive your bonus amount in your GlobePay account at the same time as referred merchant received funds to his GlobePay business account.