BoldCashers, also known as Cash Chat, is an online platform that provides various services including advertising, financial education, and a payment service. The platform also had an affiliate program designed to reward users for referring new members to use their services.
Here’s a general overview of how BoldCashers pays its affiliates:
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1. **Referral Commissions:**
Affiliates earn a commission for every new person they refer to BoldCashers who signs up and pays for membership or services. The commission rate is usually set by the company and could be a fixed amount or a percentage of the sale.
2. **Multi-Level Marketing (MLM) Structure:**
BoldCashers operate on an MLM structure where affiliates earn from the referrals they make, as well as a percentage of the earnings from the affiliates that their referrals bring in — often referred to as a downline. This structure has been modified lately such that there are no more downline earnings except commission received directly from the client referred.
3. **Payment Threshold:**
Affiliates on Boldcashers unlike other programs do not need to reach a certain payment threshold before they can withdraw their earnings. As long as the affiliate has an affiliate account that is Active, they can withdraw their earning whenever they like. Even if it’s less than the minimum commission paid, they can request a payout.
4. **Payment Methods:**
The platform would typically provide several methods for affiliates to receive their earnings, such as mobile money transfers (e.g., M-Pesa for users in Kenya), bank transfers, MTN mobile money (for users in Rwanda and Uganda) or other online payment systems.
5. **Payment Schedule:**
BoldCashers has not got any set schedule when payments are released to affiliates. All payments are instant once the referred user makes their account active.
6. **Bonuses and Incentives:**
This platform also offer additional bonuses for achieving high sales volumes or recruiting a significant number of new members. An affiliate can gain Ads agency status once they get a minimum of 2 active affiliates.
