PLUS500 Rev Share Program earnings limited to 12 months?!

[ForexFrank]

Hi guys,

I hope can you help me out with this question:

Taken from 500affiliates .com / PaymentPlans.asp

2. Revenue sharing - Using this plan you receive a percentage of the MGR (Monthly Gross Revenue) created by the users you referred to us, and who were signed up within the last 12 months. MGR equals the monthly commissions subtracted by the bonuses and charge-backs.

Does this mean I only receive revenue sharing for 12 months for each trader that I bring in? All the other affiliate programs offer life time rev sharing so cant imagine it really means this...


Anyone who can clarify this for me?


Thanks

[star]

Unfortunately, this seems to be correct and turned me off also.

3.3 Entitlement to Affiliate Fees. Notwithstanding anything to the contrary, Affiliate (whether under the Revenue Share Plan or the CPA Plan) shall be no longer entitled to receive Affiliate Fees (including Referred Affiliate Fees and Sub-Affiliate Fees) per any Trader carrying Affiliate's Tracker ID following twelve (12) months from the date such Trader registered to the Site.

500affiliates.com/help/AffiliationAgreement.aspx

Later

[ForexFrank]

Grrr such a great program in terms of conversion etc and then this ruins it all.. Time to swich back to Etoro, as far as I know they have lifetime rev sharing.

[johnbenjamin]

Yep, that's right, 12 months only. It's definitely not affiliate friendly. One of the biggest tips in forex/binaries is to read through the T&C's and read them once more. I had started pretty much promoting the more 2nd rung/mass appeal trading platforms and switched to a more selective IB partnership. Its much more safer, you get to see 'exactly' what your traders make and everything is presented in black and white.

If you are doing good, i'd suggest you look to an IB partnership rather than rev share.

[David_plus500]

Hello,

I will be happy to clarify things regarding our revenue share plan.

Using the revenue share plan you receive a percentage of the MGR created by the users you referred to us, who were signed up within the last 12 months.
It means that the revenue share is being paid for 12 months for each trader.

If you find our program attractive and having problem with that rule, you are welcome to contact me directly and we will
find a solution for you making you satisfied.

We also offer the CPA plan which is the highest on the market, you are welcome to choose working with that plan.

You are more than welcome to contact me if you have further questions.

David Zruia,

Affiliate marketing manager | Plus500 - 500Affiliates
David at plus500 dot com

[Ryanloop]

500Affiliates is one of the better affiliate programs in the industry, and if revenue share was limited to 12 months that would be a huge disappointment.


Most likely this is not the case. I don't think this means that there is no commissions beyond the first 12 months of registration.


My interpretation is that if you refer a user, and if they sign up within 12 months you will get commissions, if they sign up 12 months and 1 day after... or 13 months after you referred them, no commissions.



An official statement regarding lifetime commission would be nice though.


Regards

[David_plus500]

Hello Ryanloop,

You can find the 500Affiliates official response above.
Again, you are welcome to contact me at: David at Plus500 dot com
we will solve that issue for you.

Regards,

David Zruia
Affiliate manager
Plus500

[universal4]

you receive a percentage of the MGR created by the users you referred to us, who were signed up within the last 12 months

This would also mean that if you sign up a trader and they started trading on the 11th month that you would only earn from them a VERY short time.

And as far as making "deals" that go against the TOS, unless you have it in writing it would not truly be something that could be counted on, since at any time later the TOS could be quoted and commission cut off.

Rick
Universal4

[David_plus500]

Hello Rick,

I'll clarify, while offering to solve the situation by contacting me I meant that if an affiliate is serious and Persistent
we can always consider changing the 12 months limit for him, it's negotiable.

You are welcome to contact me and I promise to make everything I can to give you the best terms and highest offer.

Regards,

David.

[justbookies]

My interpretation is that if you refer a user, and if they sign up within 12 months you will get commissions, if they sign up 12 months and 1 day after... or 13 months after you referred them, no commissions.

The complete opposite is true and they have already stated you only get paid for 12 months (unless you twist their arm - and no doubt you will need to keep negotiating this and checking they don't 'switch off' your players).
This sort of short-term payment tells you a lot about any affiliate program's intentions. For instance Sportingbet only pay for the first 24 months of a player and nobody in their right mind would promote sportingbet.
For me this type of odious clause tells you they are simply anti-affiliate. If it isn't lifetime then avoid it completely.

[David_plus500]

The complete opposite is true and they have already stated you only get paid for 12 months (unless you twist their arm - and no doubt you will need to keep negotiating this and checking they don't 'switch off' your players).
This sort of short-term payment tells you a lot about any affiliate program's intentions. For instance Sportingbet only pay for the first 24 months of a player and nobody in their right mind would promote sportingbet.
For me this type of odious clause tells you they are simply anti-affiliate. If it isn't lifetime then avoid it completely.

Hello again,

You are welcome to check with our affiliates or contact me to see that the opposite is true.
We have the best plans on the market, the 12 month limit can be changed according to the affiliate's performance.
We never change it back as maintained by you with out checking any facts.

In fact, we keep upgrading our affiliates commission plans from time to time and we aren't decreasing it back later.
"justbookies" you are welcome to contact me and post your impression after checking the facts.
I'll be happy to offer you my best service as I do with all of our affiliates.

Looking forward to your email: David at Plus500 dot com.

David Zruia.
Affiliate manager

[justbookies]

The points I would make are:
1) What happens when you move on and are replaced by a person who sticks to the written terms?
2) If you are prepared to drive a coach and horses through your terms then simply re-write them to be for lifetime and be done with it.
3) If every affiliate program had those terms then the betting affiliate industry would be over. It is not worth promoting anyone on rev share terms for 12 months.
4) Those terms are possibly the worst or at least equal worst I have ever seen. You are stating an affiliate can earn the right to get a better deal. Sorry, that is unacceptable. No affiliate should have to earn the right to get a better deal than a disgraceful 12 months commission.

You are defending the indefensible.

[David_plus500]

1. While changing the 12 months limit we are sending the affiliate a document stating the change.
2-4. Our trader's value is high and our deals are higher than many other programs even with the 12 months rule, this is our standard deal
and we don't need to change it at all.
again, we can always consider changing it according to the affiliate's performance, there wasn't any affiliate who stopped working with us
due to that limit after contacting us.

Regards,

David.

[universal4]

Offering "special" deals to the affiliate that "is serious and Persistent"....but all the other affiliates, the MAJORITY of affiliates pay the price and lose the traders at 12 months....

It's a quota plain and simple....and there are programs without quotas.

Rick
Universal4