COMMISSION AND PAYMENT. 6.1 Subject to your adherence with the provisions of the Affiliate Agreement, you will earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the PurpleBay Affiliates Websites. We retain the right to change the Commission percentage and method of calculation of Commission as we wish in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of local law it is PB who has to account for VAT in its country of incorporation in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so PB’s position remains not more onerous than prior to the change. 6.2 The Commission is calculated at the end of each month and payments shall be made on a monthly basis in arrears, not later than the 20th of the following calendar month, provided that the amount due exceeds €100 (the “Minimum Threshold”). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold. 6.3 Payment of Commission shall be made through our Affiliate Wallet. Due to AML and other applicable laws or regulations, you may be required for verification and ‘know your customer’ documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, PB reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to the Affiliate. 6.4 A minimum amount of €100 (one hundred euro) may be withdrawn from the Affiliate Wallet at any one time. 6.5 The Affiliate’s acceptance of the payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period. 6.6 If either Party disagrees with the balance due, it shall notify the other Party within fifteen
Appears in 1 contract
Samples: Affiliate Agreement
COMMISSION AND PAYMENT. 6.1 Subject to your adherence 6.1. Provided that you comply with the provisions of terms outlined in the Affiliate Agreement, you will earn Commission in accordance with as specified by the Commission Structure on Net Revenue of New Customers referred by you to the PurpleBay Affiliates WebsitesStructure. We retain the right to change modify the Commission percentage and method of Commission calculation of Commission as we wish outlined in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of local law it is PB who has to account for VAT in its country of incorporation in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so PB’s position remains not more onerous than prior to the changeclause.
6.2 The 6.2. Commission is calculated computed at the end close of each month month, and payments shall will be made on a monthly basis disbursed monthly, in arrears, not no later than the 20th 10th day of the following subsequent calendar month, provided that the amount due exceeds €100 (the “Minimum Threshold”). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold.
6.3 Payment of 6.3. Commission shall payments will be made facilitated through our Affiliate Wallet. Due to AML and other applicable laws or In accordance with prevailing regulations, you Affiliates may be required for to undergo verification and ‘provide "know your customer’ " documentation before a withdrawal can be accessedis permitted.
6.4. If an error is made The minimum withdrawal amount from the Affiliate Wallet will correspond to the minimum withdrawal threshold applicable to your currency and chosen payment method.
6.5. In the event of any miscalculation in Commission computation, the calculation of the Commission, PB Company reserves the right to correct rectify such calculation discrepancies at any time and will immediately pay out underpayment time, promptly addressing underpayments or reclaim overpayment reclaiming overpayments made to the Affiliate.
6.4 A minimum amount of €100 (one hundred euro) may be withdrawn from 6.6. The Company may, at its sole discretion, offer the Affiliate Wallet at any one timethe opportunity to restructure their Commission arrangement.
6.5 The Affiliate’s acceptance 6.7. Receipt of a Commission payment by the Affiliate will be considered as a comprehensive and conclusive settlement of the payment of outstanding balance for the Commission shall relevant period. Should the Affiliate dispute the reported balance, they must inform the Company within fourteen (14) calendar days, providing clear reasons for the disagreement. Failure to notify the Company within this stipulated timeframe will be deemed to constitute the full and final settlement an irrevocable acknowledgment of the balance due for the relevant period.
6.6 If either Party disagrees with 6.8. The Commission shall be construed as exclusive of value-added tax or any other applicable tax. The Affiliate bears the balance duesole responsibility for remitting any and all taxes, it shall notify levies, charges, and other payments owed or due to tax authorities, departments, or other competent entities resulting from the other Party within fifteencompensation generated under the Affiliate Agreement.
Appears in 1 contract
Samples: Affiliate Agreement
COMMISSION AND PAYMENT. 6.1 Subject to 6.1. Upon your adherence compliance with the provisions of the Affiliate Agreement, you will earn Commission be eligible for commission as specified in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the PurpleBay Affiliates Websitescommission structure. We retain reserve the right to change modify the Commission commission percentage and the method of calculation of Commission as we wish calculating commission in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of local law it is PB who has to account for VAT in its country of incorporation in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so PB’s position remains not more onerous than prior to the changeclause.
6.2 The 6.2. Commission is calculated calculations are performed at the conclusion of each month, and payments will be disbursed on a monthly basis, based on the submitted invoices, within 21 working days after the end of each month and payments shall be made Accounting Period.
6.3. All Affiliates are expected to provide finance with invoices based on their earned commission to: xxxxxxx@xxxxxxxxxxx.xxxxxxxx on a monthly basis in arrearsbasis. To ensure timely commission payouts, affiliates should submit their commission invoices by the 15th of each month for the preceding qualifying period.
6.4. The minimum payout threshold is set at €250. Should an Affiliate's earnings not later than reach this specified threshold, the 20th of the following calendar month, provided that the amount due exceeds €100 (the “Minimum Threshold”). If the balance due is less than the Minimum Threshold, it shall accrued commission will be accumulated and carried over to subsequent months until the following month and shall be payable when the total Commission collectively exceeds the Minimum Thresholdminimum payout threshold is met.
6.3 Payment 6.5. In the event of Commission shall be made through our Affiliate Wallet. Due to AML and other applicable laws or regulationsa commission calculation error, you may be required for verification and ‘know your customer’ documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, PB Company reserves the right to correct such rectify the calculation at any time and time. Any underpayment will immediately pay out underpayment or reclaim be promptly disbursed, while any overpayment made to the AffiliateAffiliate may be reclaimed.
6.4 A minimum amount 6.6. The Affiliate may, at the company’s sole discretion, be provided with the option to restructure their commission structure.
6.7. Players who enact a cool-off, self-exclusion, or disable their accounts within the same qualifying month should be considered as non-qualified players (NQP). All NQPs will not fulfill CPA requirements in the same qualifying month and are ineligible to activate the CPA structure.
6.8. The acceptance of €100 (one hundred euro) may be withdrawn from a commission payment by the Affiliate Wallet at any one time.
6.5 The Affiliate’s acceptance of the payment of the Commission shall be deemed as the complete and conclusive settlement of the balance owed for the relevant period. Should the Affiliate dispute the reported balance, they must notify the Company within fourteen (14) calendar days, clearly outlining the reasons for the disagreement. Failure to constitute notify the full and final settlement Company within this timeframe will be construed as an irrevocable acknowledgment of the balance due for the relevant period.
6.6 If either Party disagrees with 6.9. The commission is considered exclusive of value-added tax or any other applicable tax. The Affiliate bears sole responsibility for settling any and all taxes, levies, charges, and other financial obligations payable to tax authorities, departments, or other competent entities arising from the balance due, it shall notify compensation generated under the other Party within fifteenAffiliate Agreement.
Appears in 1 contract
Samples: Affiliate Agreement
COMMISSION AND PAYMENT. 6.1 6.1. Subject to your adherence compliance with the provisions of the Affiliate Agreement, you will shall earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the PurpleBay Affiliates WebsitesStructure. We retain The Company reserves the right to change modify the Commission percentage and the method of calculation of calculating Commission as we wish in accordance with this clause 6clause.
6.2. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of local law it is PB who has to account for VAT in its country of incorporation in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so PB’s position remains not more onerous than prior to the change.
6.2 The Commission is calculated at the end of each month month, and payments shall be made on a monthly basis in arrears, not no later than the 20th 15th of the following calendar month, provided that the amount due exceeds €100 (the “Minimum Threshold”). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold.
6.3 6.3. Payment of Commission shall be made through our the Affiliate WalletWallet or via manual SEPA Bank Transfer upon receipt of a valid invoice. Due to AML and other applicable laws or regulationsregulatory requirements, you Affiliates may be required for subject to verification and ‘"know your customer’ " documentation before a withdrawal can be accessedprocessed.
6.4. If A minimum threshold of €500 (five hundred euros) must be reached before funds may be withdrawn from the Affiliate Wallet or an invoice can be paid.
6.5. In the event of an error is made in the calculation of the Commission, PB the Company reserves the right to correct such calculation at any time and will immediately shall promptly pay out any underpayment or reclaim recover any overpayment made to the Affiliate.
6.4 A minimum amount of €100 (one hundred euro) 6.6. At the Company's sole discretion, the Affiliate may be withdrawn from offered the Affiliate Wallet at any one timeopportunity to restructure its commission structure.
6.5 6.7. The Affiliate’s 's acceptance of the a Commission payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period.
6.6 . If either Party disagrees with the Affiliate disputes the reported balance due, it shall they must notify the Company within fourteen (14) calendar days and provide clear reasons for the disagreement. Failure to notify the Company within this timeframe shall be deemed as an irrevocable acknowledgment of the balance due for the relevant period.
6.8. The Commission is deemed exclusive of value-added tax or any other Party applicable tax. The Affiliate shall bear sole responsibility for the payment of any and all taxes, levies, charges, and any other monies payable or due to any tax authority, department, or other competent entity resulting from the compensation generated under the Affiliate Agreement.
6.9. In the case of partnerships on a Hybrid and CPA basis, the following stipulations shall apply:
a) To qualify for a CPA commission plan, an affiliated new customer must make a previously agreed- upon minimum deposit and wager at least €30.
b) No CPA or Hybrid (CPA portion) commission shall be paid for duplicate accounts or players who self-exclude due to gambling issues within fifteenthe same month of registration unless an alternative arrangement has been agreed upon with the affiliate manager in advance.
c) In instances where a specific CAP has been negotiated with a partner, commission will be paid only for the negotiated number of FTDs. The initial test cap is paid if the Affiliate can generate at least 10 FTDs (for any brand), subject to meeting all previously discussed requirements. If these requirements are not met, the withdrawal may be withheld until they are fulfilled.
d) The CPA portion of a commission for a new customer generated from FB, email, SMS, or UAC sources shall be paid if a deposit is made within 30 days of the new customer's registration. No CPA portion of the commission shall be paid for a new customer who makes a first-time deposit after 30 days unless otherwise agreed with the affiliate manager in advance.
e) The CPA portion of a commission for a new customer generated from a PPC source shall be paid if a deposit is made within 45 days of the new customer's registration. No CPA portion of the commission shall be paid for a new customer who makes a first-time deposit after 45 days unless otherwise agreed with the affiliate manager in advance. These stipulations are subject to any alternative arrangements that may be agreed upon with the affiliate manager in advance.
Appears in 1 contract
Samples: Affiliate Agreement