Key Rules for the SWAPD Rewards - Referral Program
For a detailed understanding of the SWAPD Rewards rules, please refer to our Terms of Service. Below are the essential points:
- Commission Rate: SWAPD offers a 20-30% commission on all transactions (social media/services) finalized by members invited through our referral program. This commission is derived from the SWAPD fee.
- Minimum Transaction Value: Only transactions worth $250 or more are eligible for a commission.
- Payout Waiting Period: Commission requests can be made 48 hours after the last sale appears in your referral Earnings Feed.
- Payment Method: Payments are generally made via PayPal, unless specified otherwise by SWAPD.
- Rounding Off Amounts: SWAPD rounds off fractional amounts to the nearest dollar.
- Tax Information: Referral participants might need to provide tax information.
- Instant Deduction Option: Participants in a transaction with an invited member can choose an immediate 20-30% discount instead of adding it to their rewards.
- Cancellation and Chargebacks: Canceled transactions due to refunds, chargebacks, or other unforeseen events will lead to a deduction from referral earnings. A negative balance may occur if your balance is zero.
- No Double Payouts: Inviting both the buyer and seller in a transaction does not qualify for a double payout.
- Honest Invites Required: Payouts will be refused if the invited member was manipulated or misled in any way. We advocate for genuine invites only.
- Payment Timeline: Payments are issued within seven days of the payout request.
- Earnings Feed Adjustments: SWAPD reserves the right to modify, remove, or correct any transaction in your Earnings Feed at any time, without prior notice or explanation.
Restrictions:
- In cases where the buyer and seller were invited by two different members, each receives a 1% reward.
- Transactions with both buyer and seller invited by the same member do not qualify for a double payout.