This addon allows affiliates to not only earn for initial sale but also for the subscription renewals and the recurring payments thereafter.
The Recurring Commission addon ensures that your affiliates receive a commission on each renewal made by their referred customer. This addon is beneficial for subscription based products and services wherein the billing is set at regular intervals.
How does this addon work?
- Firstly, you set the default commission rate for the sale of a particular product/service.
- Then, you can set a separate commission rate on subscription renewals.
- Define a recurrence limit or keep it as unlimited as per your requirements.
You can also override default global settings and assign recurring commission rates and limits to a specific group of affiliates. For instance, if your recurring commission rate is 10%, you can define a group of affiliates and provide them with a 15% recurring rate.
Key Benefits:
- Boosts lifetime value as affiliates are rewarded as long as their referrals remain subscribed.
- Affiliates focus on high-quality and highly interested customers so that they remain for longer.
- Helps reduce the churn rate as affiliates focus on quality leads.
- Setup automated payouts for recurring commissions as well to reduce extra admin work.