Seller: The person has the referral opportunities from his/her credit card company
Buyer: The person who will open an credit card through a seller's referral email link
Referral Bonus From Merchant: The Buyer will get the referral bonus from the credit card company by opening a new credit card
Referral Bonus From Seller: The Buyer will get the referral bonus from the seller
Bonus Payment Method: The way for the seller to pay referral bonus to the buyer
Failed Transaction: Though the Buyer has successful applied the credit and done the first transaction in short time, but for some reason, the Seller doesn't get the referral bonus from the credit card company, at this stage, instead of paying the Buyer's referral bonus, the Seller could submit 'Failed_Transcation'
Closing Fee: In to order completed the referral transaction, the Buyer need to pay $5 to CCRefer by PayPal for each transaction
Order Cancellation: Only before the Buyer's credit card application, the order can been cancelled by either Buyer or Seller, no penalty will be applied.
Compledted Order: Only the order with Closing Fee paid can be counted as Completed Order
The Buyer will send the referral request with email to the seller
The seller will send the referral email link to the buyer's email, the Buyer can cancel this order if no more referral opportunities left
The Buyer will apply the credit card through the Seller's the referral link, the Buyer should update the application result through seller's account ASAP
Based on Buyer's successful application, the Seller should pay the Buyer's referral bonus once the Buyer get the referral bonus from the credit card company, normally it takes 4-8 weeks
After the Buyer's referral bonus is paid, the Seller should pay CCRefer closing fee $5 to complete this transaction
With none Completed Order, only THREE Pending Order is allowed, over the limit leads to the seller list temporary suspended
With One to Five Completed Order, only FIVE Pending Order is allowed, over the limit leads to the seller list temporary suspended
With More Than Five Completed Order, only Ten Pending Order is allowed, over the limit leads to the seller list temporary suspended
For each calender year, three Failed Transactions will lead to the Seller List suspended for three months, five Failed Transactions will lead to the Seller List suspended for the rest of the year
No, CCRfer won't provide any reimbursement for 'Failed Transaction', However, The limited amount of 'Faild Transaction are applied to the Seller's account in order to protect the buyer's rights
Normally it takes 4-8 weeks for the seller to get referral bonus from the credit card company after the successful application of credit card and the first consumption transaction
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