What is Rapid Bazaar Affiliate Partnership?
Support Team
Last Update 4 jaar geleden
Rapid Bazaar's Affiliate Partner Program is an opportunity for affiliate partners to earn rewards and revenue while shopping online or offline at Rapid Bazaar Stores. It is an agreement between Rapid Bazaar and an individual, or business to jointly promote products and services being sold online or offline at the Rapid Bazaar eCommerce Store or Networked Vendor Stores. The Affiliate partners have multiple rewards in the form of cash backs, loyalty bonuses, and Affiliate income.
Who can be an affiliate partner?
All customers who make their first purchase of ₹1000 or above are eligible to become an Affiliate Partner for free and enjoy the rewards and bonuses in every payout cycle. As soon as a customer becomes an affiliate partner, he secures a position in a 3x3 matrix placement system.
- Eligible Customers undergo a KYC process and agree to terms and conditions to become an Affiliate Partner. - An Affiliate Partner is Eligible for Loyalty Bonus and Affiliate Income from the same month. The 1st of each month is a new payout cycle. - Affiliate Partner has to stay active to maintain his Affiliate Partnership Benefits of each Payout Cycle.
- The Criteria to stay active is as follows: Continue to be on the same Level Rank or Upgrade to Next Level. Which means to make a minimum purchase of Rs. 1000 to maintain the Basic Associate Level Rank or upgrade to the next level “Advanced Associate” by making a purchase of Rs. 3000 or more.
- If an affiliate partner stays inactive for 3 continuous months (3 payout cycles or 90 days), his affiliate partner account is deactivated permanently and he loses his position in the 3x3 matrix placement.
How to create a successful affiliate partnership?
Understanding the importance of the affiliate partnership is one thing and how to do so in a really rewarding way, is a whole different ball game. Let’s look at three great ways to have a great and rewarding affiliate partnership:
1. Participate in free online education Events & Webinars to learn the concepts of the affiliate partnership.
2. Reach Out to your extended family and friends to promote the Rapid Bazaar Platform and its products and services.
3. Maintain your active status or upgrade to the next level as per the slabs.
Why is KYC important for affiliate partners?
KYC enables an institution to authenticate the identity and address of an affiliate partner. The Reserve Bank of India has made it mandatory for the organizations to verify the identity and address of all customers who carry out financial transactions with them.
- KYC is mandatory for making withdrawals of your affiliate income into your linked bank account. However, it is not required to carry out the KYC before making any purchase or spending your cash backs and loyalty Bonuses on Rapid Bazaar.