Q. When do Referral Rewards occur?
A. You will get rewarded when your referral signs a M&A deal on BIZIT M&A
Detailed flow until receiving Referral Reward
- The user of the company you introduced will register a deal as a Seller or sends Information Disclosure Request as a Buyer in BIZIT M&A.
- The referral starts negotiation with the counter party, and signs the deal.
- System usage fee is transferred from Buyer.
- Referral Reward will be raised when BIZIT M&A confirms payment.
- Finally, we will fix the amount of reward the end of the current month and payment in the next month. (After checking the account information).
A. Also if your referral subscribes to paid services of BIZIT M&A
Q. How is the fee rate of Referral Rewards determined?
A. BIZIT M&A Referral Rates are set according to the Referral Rank. Please check the current Rank of your company from the dashboard.
The referral reward rate is set as shown in the table below.You must clear the conditions set for each Referral Rank to increase the rate.
List of Referral Ranks
| Rank | Referral Reward | Rank up conditions |
|---|---|---|
| GOLD |
When the deal registered by the introduced company as SELLER or the deal requested as BUYER is closed, 10% of system usage fee obtained by BIZIT will be paid as referral commission. When a user of the company you introduced subscribes to paid services of BIZIT M&A, you will be paid 10% of the contract price as referral commission. |
Total referral fee, calculated at the beginning of each month, exceeds 5,000 USD |
| REGULAR |
When the deal registered by the introduced company as SELLER or the deal requested as BUYER is closed, 5% of system usage fee obtained by BIZIT will be paid as referral commission. When a user of the company you introduced subscribes to paid services of BIZIT M&A, you will be paid 5% of the contract price as referral commission. |
Initial rank |
【Sample calculation of Referral Reward】
[Case 1] Your company's Referral Rank is "REGULAR" and your referral subscribes to 1000 USD premium functions.
Calculation
|
[Amount of Payment] ✕ [Referral Reward Rate of your rank] = [Your Referral Reward]］ 1,000USD * 10% = 100 USD |
[Case 2] Your company's Referral Rank is "GOLD" and your referral concluded a deal of 5million USD.
Calculation
|
[Service Usage fee paid from BUYER] ✕ [Referral Reward Rate of your rank] = [Your Referral Reward] 100,000 USD ✕ 10% = 10,000 USD |