1. What is the Merchant Referral Program?
The Merchant Referral Program allows existing Coin.ph merchants to earn commissions by referring new users (individuals) or new merchants (businesses) to join the Coins.ph platform.
2. Who can I refer?
You can refer two types of new participants to Coins.ph:
- Users: Individuals who sign up for a personal Coins.ph account.
- Merchants: Businesses who sign up to use Coins.ph's merchant services.
3. How do I earn commissions?
You earn a commission when the user or merchant that you referred successfully completes certain types of transactions on the Coins.ph platform.
The commission is a percentage of the fees generated by the referred party's transaction, lasting for a year after the referee signs up.
4. How can I refer?
- Login to Business Portal
- Visit Merchant Referral Page
- Share the referral link to new users to sign up, or simply show them the QR code. They become your referees after completing the sign-up process.
5. What types of transactions are eligible for commission?
Commissions are earned from transactions involving the following services used by your referred users or merchants:
- QRPH Transactions: Transactions made through QRPH channel.
- Webpay: Payments made through the Coins.ph Webpay solution.
- Disbursement: Funds disbursed through the Coins.ph platform.
- Spot Trading: Trading conducted on the Coin.ph Spot market.
- Convert Trading: Buy/sell crypto with fiat currencies on the Coins.ph platform
Please note that commissions are only generated after fees are incurred for any of the above transactions.
6. What is the commission rate?
As a referring merchant, you can receive a certain percentage of the trading fees generated by the eligible transactions of your referrals.
| Transaction Type | Typical Commission Rate |
|---|---|
| QRPH | 10% to 30% of the actual sending or receiving Fee (fees vary for sending and receiving) |
| Webpay | 10% to 30% of the actual sending or receiving Fee |
| Disbursement | 10% to 30% of the actual Fee |
| Spot Trading | 20% of referee’s trading fees |
| Convert Trading | 0.1% from their referee’s trade amount |
Note: The exact commission rate may be subject to change and will be communicated to you upon enrollment in the program.
7. When are commissions distributed?
The distribution frequency of your earned commissions depends on the type of transaction:
| Transaction Type | Commission Distribution Schedule |
|---|---|
| QRPH | Monthly (Once per month) |
| Webpay | Daily (Once every day) |
| Disbursement | Daily (Once every day) |
| Spot Trading | Daily (Once every day) |
| Convert Trading | Daily (Once every day) |