SelfBank Mobile Knowledgebase

SelfBank Mobile USER Referral Bonus Affiliate Program Terms

For every SelfBank Mobile Account DIRECTLY referral by you, not only will you enjoy all the other bonuses in the Affiliate Program, but you will also receive a $100 Bonus deposited into your Cash Advance Rewards Account for every User and or Merchant referred, up to a maximum of $2500.Your referrals will also receive a Cash advance Bonus just for signing up for the program. Users receive $100 and Merchants receive $500.  Cash Advance Rewards are SB's very own virtual currency called Benjamin's and can only be spent at participating SB merchants. You are able to redeem your Benjamin's every time you make a purchase, at a ratio of 10% or higher of the assigned discount given by the participating SB merchant when the system goes live in your area.

Example:

You have purchased an item that cost you $100 dollars, using your SelfBank Mobile Account. The participating SelfBank Rewards merchant gave you a 10% discount, which would be equal to $10 (which you get back at the end of the month, directly deposited into your SBM account).
Say you had a Cash Advance Rewards balance of $500 dollars. If the participating merchant allows for a 10% ratio, you would be able to redeem (10% x $10) of your Cash Advance Rewards dollars during this purchase, decreasing the amount paid by $1.00, making your Cash Advance Rewards balance $499.If the participating merchant allows for a higher ratio than 10%, lets say 50%, then you would be able to redeem (50% x $10) of your Cash Advance Rewards dollars during this purchase, decreasing the amount paid by $5.00, making your Cash Advance Rewards balance $495.

Do not confuse Cash Advance Rewards for Cash Back Rewards. Cash Advance Rewards dollars have to be spent back at the Merchants, while cash Back Rewards can be redeemed in cold hard cash.




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Last Updated
24th of February, 2009

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