Important Changes to AffiliateFuture Payment Terms

We have just sent out an email to all of our affiliates and advertisers about some changes that are going to be happening to the standard AffiliateFuture payment terms over the next month or two.   Please make sure that you take a read through these as it’s quite a major change to the way in which we work.

A copy of the email to all of our affiliates can be found below.   If you have any questions please either leave a comment or email us at enquiries@affiliatefuture.co.uk.

We are writing to inform of some important changes to the payment terms with AffiliateFuture that will be happening over the next few weeks.

As you will be aware, AffiliateFuture’s current payment terms state that we pay on the 28th of each month with the full commission generated from the previous month’s activity, regardless of if we have been paid by the merchant or not.

To bring us inline with the industry and to protect our business we shall be moving to a post-payment system, paying only when the commission from each individual merchant is paid. As part of the change we will be moving to two payment dates per month. The new payment dates will be the 1st and 15th of each month.

To give you a better understanding of how our payment system works, merchants pay in three different ways; pre-payment, direct debit or invoices ( 99% of our invoice clients have a payment date of 30 days or less).

All of our merchants will also be made aware of these changes and the importance of paying on time to ensure speedy payment to you as an affiliate.

These changes will come into effect for transactions generated from April 2010 so your last payment based on the old payment model will be later this month.

To avoid any element of doubt, the payment that would be scheduled for 28th May will no longer happen, and the new payment upcoming payment schedule will be:

• 1st June – This payment will cover all commission generated from 1st April – 14th May that has been paid by the merchant. Please note that merchants must have cleared all outstanding monies for transactions prior to April 2010.
• 15th June – This payment will cover all commission generated in May that has been paid by the merchant, plus additional payments from April that have now been resolved.

Further payments will be made on the 1st and 15th of each month, for transactions paid 15 days previously. If either of these dates lie on a weekend then the payment will roll back to the following Monday.

To offer full visibility on your payments we will be offering a number of new reports that will give you a full breakdown of each transaction and it’s payment status along with providing details stating if a merchant is up to date on their payments before you start promoting them, giving you the ability to minimise your risk.

Your payment for transactions made in March will be paid as normal on the 28th April.

We understand completely the importance of this change to your business and as always we welcome your feedback and are available to discuss it over email or by calling 020 7936 6700

If you have any questions about this then please get in touch.

Regards
Pete Dickenson
Managing Director
www.affiliatefuture.co.uk

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