What are the differences between cashback and referral systems (affiliate)? : omgfin

What are the differences between cashback and referral systems (affiliate)? Print

Modified on: Thu, 31 Jan, 2019 at 6:46 AM

Cashback

The reward is based on the combination of referrers transaction and the referrals recipient 's transaction
Both referrers and referrals recipient receive rewards
Encourage referrals recipient to make transactions to receive rewards
Trading orders must be placed within a certain period of time

Affiliate

Rewards based on the referrals recipient's transaction
The referrals recipient will not receive rewards from their referrers transactions
Will not be effective if the referrals recipient do not open accounts and perform transactions
There is no requirement of time when the referrals recipient must place an order

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What are the differences between cashback and referral systems (affiliate)? Print