How it Works
Let us assume you are Acme Corporation, an ERP solution provider for colleges, and have partnered with Razorpay. You work with various colleges, that use your ERP. Also, you have been using the RazorpayX Banking Solution for managing payouts. In Razorpay terminology, you are the Partner, the college is the sub-merchant (affiliate account). Acme Corporation gets referral bonus, every time a college (sub-merchant) signs up with us for a RazorpayX powered Current Account.Referral Bonus Calculation
Here is how incentives are paid out for Current Accounts referred to us:Current Accounts per month | Incentive per account
1 - 10 | ₹1500
11 - 20 | ₹2000
21 - 30 | ₹3000
Handy Tips
- RazorpayX referral bonus calculation and disbursal happens manually.
- Partner commission is payable only after RazorpayX powered Current account activation.
- The Sub-merchants should complete a minimum of 5 payouts for RazorpayX powered Current Account.
- Current Accounts are serviceable in the selected pin code based on the bank’s availability.
- For any queries, send an email to our Partnerships team or contact our Support team.