Commissions and how it works

You earn a commission by recommending our Mastercard to private individuals and businesses and by recruiting new marketing partners to our marketing network.

Four ways to earn a commission:

1.Card recommended by yourself

2.Card recommended through a network of partners.

3.Recruiting of new marketing partners by yourself (your direct partners)

4.Recruiting of new marketing partners by your partners (your indirect partners)

You’re the only one who knows which way suits you most. As for me, I would recommend using both. By recommending the card to a potential partner, you “recommend the cards by yourself” and, simultaneously, build your network of marketing partners. Through your network of marketing partners, you can reach a lot more people; consequently, more people generally means more cards and bigger commissions.

A successful recommendation by you or the partners in your marketing network triggers a commission payment to you and your network members.

COMMISSION SIZE       

1. For each card that you and your network recommend and which becomes an “Active card”, you and the network members associated with the referral will receive an annual commission of €3.

2. For each new marketing partner you and your network recommend and which becomes an “Active partner, you and the network members associated with the referral will receive an annual commission of €120.

I: CARD REFERRAL COMMISSIONS

1.You recommend the cards by yourself:  It speaks for itself.You recommend all cards yourself.

2.Your partners recommend the cards:  
You build your marketing network by recruiting new partners to your network. The marketing partners you recruit are your “Direct partners”, placed horizontally in your line of recruitments. You may have an unlimited number of direct partners.
Your direct partners make recruitments too. Those marketing partners are your “Indirect partners, ” placed vertically in your line of recruitments. Your marketing network includes (1) one indirect partner level vertically. You may have an unlimited number of indirect partners.
Your indirect partners make recruitments too.
Your direct and indirect marketing partners are connected to you by the unique marketing partner code.
The successful recommendation at any level (direct or indirect partner level) within your network triggers the commission payment to network members associated with the successful referral.

 Your Marketing Network consists of:

0.Marketing Partner MP0 = You

1.Marketing Partner MP1= Partner recruited by You, your Direct Partner

2.Marketing Partner MP1,1 = Partner recruited by MP1,1, your Indirect Partner

 

 0.Cards recommended by MP0 (You):                   

You are marketing partner MP0. You earn the commission by recommending the cards yourself.

1.Cards recommended by marketing partner MP1 (your Direct partner):                            

You recruit a new marketing partner. Let’s call him / her MP1. Every time MP1 recommends a card (successful referral),  the commission will be paid to MP1 and to You (MP0).

2.Cards recommended by marketing partner MP1,1 (your Indirect partner):                            

You even get a commission for all cards recommended by marketing partner; we call MP1,1.  MP1,1 is a marketing partner recruited by your Direct partner MP1.Every time MP1,1 recommends a card (successful referral), the commission will be paid to MP1,1; MP1 and You(MP0).

CALCULATING YOUR CARD  COMMISSION, HOW MUCH WILL I RECEIVE IN COMMISSION?                

Commissions are paid as well for new as for renewed cards. Therefore, you will receive a commission payment of 3€ for an active card on an annual basis or 0,25 € every month. The commission amount paid to You has been calculated by summing all cards (recommended by you and your direct and indirect partners), meeting the “Active Card condition” (paid monthly card management fee)” and multiplying by 0,25€ in the current period.
Once the current period’s commission calculation is completed, we will send you a calculation file to review and invoice SP.
You can log in to your account at any time to see how much you have earned in commission.

3.RECOMMENDING A NEW PARTNER COMMISSIONS                

You earn commission by recommending new partners to your network.                                                    

There is no limit to how many marketing partners, you can recommend to your marketing network.

The partner recruitment at any level triggers commission payment to network members associated with the successful referral.

Your Marketing Network consists of:      

0.Marketing Partner MP0 = You

1.Marketing Partner MP1= Partner recruited by You, your Direct Partner

2.Marketing Partner MP1,1 = Partner recruited by Mp1, your Indirect Partner

0.Partners recruited by yourself (MP0=You)       

0.You are marketing partner MP0. You earn commission by personally recruiting new partners. You recruit a new marketing partner. Let’s call him / her MP1and get a commission.

1.Partners recruited by marketing partner MP1 (your direct partner)      

MP1 recommends a new partner. Let’s call him/her MP1,1. Every time MP1 recommends a new partner, both MP1 and You (MP0) get commissions.

2.Partners recruited by marketing partner MP1,1 (your indirect partner )                              

You even get a commission for all partners recommended by marketing partner, we call MP1,1. MP1,1 is a marketing partner recruited by MP1. Every time MP1,1 recommends a partner (successful referral), the commission will be paid to MP1,1; MP1 and to You(MP0).

CALCULATING YOUR RECRUIT NEW PARTNER COMMISSION, HOW MUCH WILL I RECEIVE IN COMMISSION?                 

Commissions are paid as well for new as for renewed partner membership.       

If you hold the Marketing Partner Status, You will receive a commission payment of 120€ for each new partner or for a partner who has renewed membership that meets an “Active Partner Conditions” (paid Partner account management fee) in your marketing network annually.

The commission calculation period covers three (3) months.

The commission amount paid to You has been calculated by summing all new and renewed partner memberships (recommended by you, by your direct and indirect partners), meeting the “Active Partner” condition in the current period. Once the commission calculation for the current period has been completed, we will send you a calculation file to review and invoice SP.

COMMISSIONS PAYOUTS                             

SP shall pay the commissions only against the invoice to your partner account with Sikirapay. Your invoice will be paid within 30 days, counted from the date the invoice is entered into our accounting system.
Commissions are paid out four (4) times per year.
Our unique Marketing network offers you a rare opportunity to create a steady income stream. But, of course, how much money you will make depends only on your skills and efforts.

See the Example1 below, of what you could earn if you recruit 10 marketing partners into your network.

Example                                

You have recruited 10 partners into your network. For each partner you receive 120€ in commission = 1200€.                                                           Each one of your direct partners partners recruits 10 new partners.                                                                                                                                          Each partner = 120€ in commission.                                                                                                                                                                                                10 x 10 = 100 partners x 120€= 12 000€

Now you have 100 partners in your network.                                                                                                                                                                                  Each one of your 100 partners (direct and indirect) recruits 10 new partners. You have now 1000 partners in your network. 

1000 partners x 120€ = 120 000€. 

Your network includes only 1 level indirect partners vertically and ends here. You can expand Infinitely in the  horizontal direction (direct partners recruited by you) which means that you can recruit as many new partners as you can. The more direct partners the bigger network you will have.

And so on. The math is simple.

We suppose that each partner sells 100 cards.

1000 partners x 100 cards = 100 000 cards x 3€ = 300 000€.

Summary                                                                                                                                                                                                                                                                                                                You started with 10 partners.

Recommend new partner commission = 120 000€ (every year)

Card sale commission = 300 000€ (every year)

As you, surely understand, this is not a promise or obligation on the part of SP. It is only a projection of what you could gain in commission if you dedicated your time to the project.

If you have any questions do not hesitate to email us at support@sikirapay