Byteball cashback affairs was appear added than one ages ago and aboriginal merchants launched on September 5, this column describes it in added detail and adds an appliance form.
Cashback is a way to administer Bytes (the built-in bill of Byteball) to users who accomplish purchases and to advice body a arrangement of users and merchants who are allotment of Byteball ecosystem. If you are a merchant, a acquittal processor, or a agenda issuer, you can participate.
The basal aphorism is that for every condoning purchase, your chump receives 10% of the amount of the purchase, in Bytes. For example, if he bought for $100, he receives $10 in Bytes according to the accepted barter rate. The allotment can be decreased for ample purchases — the purpose of this affairs is accepting added users, not distributing added coins.
The cashback is adjourned from the undistributed pool, you (the merchant) don’t acquire to pay anything.
If the acquirement was paid in Bytes, the cashback increases to 20%.
Merchant-match: if you appetite to pay added cashback out of your pocket, we bout your cashback, i.e. for every 1% you pay, we add 1% more. The best merchant-funded cashback that we bout is 10%.
There is bound cardinal of bill in the undistributed pool, the affairs runs as continued as the basin is not depleted.
You should acquaint the barter about cashback opportunity, so it doesn’t appear as a surprise, rather it drives added sales.
After the adjustment was placed, or at some added point in the adjustment process, you ask the chump about his Byteball abode for accepting cashback. The abode serves like the cardinal of a adherence card, and the abstraction should be accustomed to boilerplate barter alike admitting it is a cryptocurrency. At this point, the chump should acquire already installed his Byteball wallet.
When the adjustment is paid, or contrarily finalized, you accelerate us the acquirement details, calm with the customer’s Byteball address, application our API https://github.com/byteball/byteball/wiki/Cashback-API. If you are administration the orders manually, you can additionally accelerate the aforementioned advice by manually bushing out the anatomy at https://byte.money. We anon accelerate cashback to the customer.
We apprehend you to booty the cashback affairs as an befalling to access sales. You do it by actively announcement the action amid new and absolute customers, explain what is Byteball, what is Bytes, and how to use them. To be bigger able to acknowledgment the closing question, it is awful recommended to alpha accepting Bytes for acquittal (you can do it yourself or use https://byteball-for-merchants.com acquittal processor).
The abstraction of accepting rewards for purchases and after application them for new purchases should be already accustomed to barter from air afar and added adherence schemes, and it will be accessible to explain the cashback action application this similarity. Unlike best absolute rewards schemes, the Bytes that the barter acquire are not bound to a distinct merchant or a accumulation of merchants, they acquire absolute budgetary amount and burning liquidity. For abounding customers, it is additionally a way to be alien to the apple of crypto.
Most merchants who advertise accessible appurtenances and casework qualify. We do not acquire merchants who advertise banking casework and merchants whose sales can be calmly reversed. We don’t appetite to be accessible to corruption aback barter bend the aforementioned money for assorted purchases to acquire cashback afresh and again. If you advertise appurtenances and casework of altered nature, you should exclude the capricious ones from the cashback program.
If you are a merchant, acquittal processor, or agenda issuer and would like to participate in the cashback program, amuse ample out this form, we’ll get aback to you aural 1 business day.
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