Referral Rewards
As aforementioned, MGlobally follows multi-level marketing model under which, it holds great benefits for those bringing in references. As and when an individual brings references for the company, he/she can earn certain rewards depending upon the nature of referrals.
We have formulated a compensation scheme for the referrals, which are further classified into direct and binary.
Direct Commissions
Under the direct referrals, every user is needed to have a Sponsor ID to register. For every order placed by the referred client, the sponsor (referrer) is subject to the direct commission, which is given in the form of reward points. The reward points given under the direct commission scheme are equivalent to 5% of the order value. However, it is to …show more content…
Daily Capping
We levy certain limit on the reward points earned by you in a day. This daily capping is based on the membership type of any user. Every user can earn rewards according to the following limits that have been set as per the membership obtained.
S. No. Membership Type Capping Limit
1 Basic 1000 RP
2 Advance 1500 RP
3 Professional 2500 RP
Type of Wallets
We have defined specific wallets to credit the funds, commissions and reward points earned by the users. Following are the type of wallets that the users will get to see on their dashboards.
Fund Wallet
a. The user can use this wallet to preload funds to make the online payments for the orders placed.
b. Once the fund is added to the wallet, it cannot be withdrawn, but can be transferred.
Commissions Wallet
a. Reward points earned through direct and binary references would be credited to this wallet.
b. These reward points can also be transferred to another user.
RP Wallet
a. This wallet is used to credit the reward points earned through social media sharing.
b. These reward points can also be transferred to another
As aforementioned, MGlobally follows multi-level marketing model under which, it holds great benefits for those bringing in references. As and when an individual brings references for the company, he/she can earn certain rewards depending upon the nature of referrals.
We have formulated a compensation scheme for the referrals, which are further classified into direct and binary.
Direct Commissions
Under the direct referrals, every user is needed to have a Sponsor ID to register. For every order placed by the referred client, the sponsor (referrer) is subject to the direct commission, which is given in the form of reward points. The reward points given under the direct commission scheme are equivalent to 5% of the order value. However, it is to …show more content…
Daily Capping
We levy certain limit on the reward points earned by you in a day. This daily capping is based on the membership type of any user. Every user can earn rewards according to the following limits that have been set as per the membership obtained.
S. No. Membership Type Capping Limit
1 Basic 1000 RP
2 Advance 1500 RP
3 Professional 2500 RP
Type of Wallets
We have defined specific wallets to credit the funds, commissions and reward points earned by the users. Following are the type of wallets that the users will get to see on their dashboards.
Fund Wallet
a. The user can use this wallet to preload funds to make the online payments for the orders placed.
b. Once the fund is added to the wallet, it cannot be withdrawn, but can be transferred.
Commissions Wallet
a. Reward points earned through direct and binary references would be credited to this wallet.
b. These reward points can also be transferred to another user.
RP Wallet
a. This wallet is used to credit the reward points earned through social media sharing.
b. These reward points can also be transferred to another