Terms and Conditions of CoinGate Referral Program
The last update published: February 9th, 2021
This document sets out the terms and conditions of CoinGate Referral Program. Changes to these terms and conditions shall come into force immediately upon publication of updated terms and conditions of CoinGate Referral Program on CoinGate website.
These terms and conditions apply to all our clients (merchants and traders) who participate in CoinGate Referral Program. These terms and conditions do not apply to purchasers and users, because they cannot participate in CoinGate Referral Program.
By participating in the Referral Program, the client agrees to use the Referral Program as outlined herein, and consistent with any other terms we may apply to the Referral Program. Client cannot use the Referral Program where in so doing, he/she/it would violate any applicable law or regulations.
Participation in Referral Program
1.1. In order for any our client (merchant or trader) to participate in Referral Program he/she/it must be registered with the CoinGate System and has an account created in predefined manner.
1.2. Once the client creates his affiliate link in the CoinGate System (referral management dashboard), shares it with other persons and those other persons (satisfying conditions laid down in clause 1.3 below) come through client’s affiliate link and use CoinGate services (as specified in clause 2.1 below), the client commences to participate in CoinGate Referral Program.
1.3. In addition to clause 1.2 above, a person can be considered as referred by you if he/she/it satisfies the following conditions: 1) he/she/it is new to CoinGate i. e. he/she/it has not been registered with the CoinGate System before he/she/it came through your affiliate link, 2) he/she/it registers with the CoinGate System through an affiliate link created and shared by you, 3) he/she/it uses CoinGate Services (as specified in clause 2.1 below).
Referral scenarios and commissions
2.1. There are several possible referral scenarios when the client can expect to receive a commission for a referral:
- when the person referred by you buys virtual assets with fiat (Euros) using a SEPA bank transfer;
- when the person referred by you buys virtual assets with fiat (Euros) using credit or debit card;
- when the person referred by you sells virtual assets for fiat (Euros);
- when the person referred by you buys a gift card;
- when the merchant referred by you starts using our payment processing in virtual assets services and gets the first paid order as well as reaches a certain turnover (as indicated on our website under the menu item “Referral Program”) with our payment processing in virtual assets service.
2.2. The referral scenario described in clause 2.1B above by default is disabled, but you may contact us through the following email: firstname.lastname@example.org with the request to enable this referral scenario. Activation of referral scenarios is at our sole discretion.
2.3. The amounts of commissions for referrals are provided on our website under the menu item “Referral Program” and are applicable at the moment when a particular transaction is being carried out by a person referred by you.
2.4. The amounts of commissions for referrals referred to in clause 2.3 above as well as certain turnovers referred to in clause 2.1E above are deemed to form a part of these terms and conditions.
2.5. The amounts of commissions for referrals referred to in clause 2.3 above as well as certain turnovers referred to in clause 2.1E above are subject to change at our sole discretion. Changes shall come into force immediately upon publication of updated amounts of commissions for referrals and (or) certain turnovers on our website under the menu item “Referral Program”.
2.6. The client is able to see the accumulated amount of commissions for referrals in the CoinGate System (referral management dashboard).
2.7. We do not commit that a commission for a referral will show up at your referral management dashboard as soon as a person referred by you performs a transaction (or reaches a certain threshold) referred to in clause 2.1 above. However, we will do our best that a commission for a referral would show up at your referral management dashboard without unreasonable delay.
2.8. If for any reason you believe that there is a discrepancy regarding your accumulated amount of commissions for referrals, please contact us. We may require you to submit additional information in order to make a decision regarding your accumulated amount of commissions for referrals. All our decisions regarding your accumulated amount of commissions for referrals will be final and at our sole discretion.
Payment of commissions
3.1. Payment of commissions for referrals is available in Euros by way of SEPA bank transfer to a payment account indicated by the client or in virtual assets suggested by us to a digital wallet address indicated by the client.
3.2. The minimum accumulated amount from which the client is able to request a payment of commission for referrals is EUR 50 or an equivalent amount in virtual assets suggested by us.
3.3. The client is able to request for a payment of accumulated commission for referrals in the CoinGate System (referral management dashboard).
3.4. The payment of accumulated commission for referrals to the client will be available only once per quarter.
3.5. We shall have the right at any time, in particular before the first request for a payment of accumulated commission for referrals, to request the client to provide us with the necessary documents and/or information for his identification/verification purposes. Should the client fail to provide us with the requested documents and/or information (including provision of incorrect or incomplete documents and/or information) and/or to comply with our other instructions, we will be unable to implement his request for a payment of accumulated commission for referrals.
3.6. We do not commit that your request for a payment of accumulated commission for referrals will be processed and executed within a certain amount of time as it depends on various factors, including performance of third parties. However, we will do our best that your request for a payment of accumulated commission for referrals would be implemented without unreasonable delay.
3.7. The client is fully responsible for any tax consequences, if any, that may result from the implementation of his/her/its request for a payment of accumulated commission for referrals.
3.8. Payment of commissions for referrals is in our sole discretion and we cannot be deemed in breach of any obligations to you should we decide not to pay out any commissions for referrals due to any significant reasons/circumstances.
5.1. From time to time, clients may be offered special promotions (special affiliate links to use, etc.).
5.2. Special promotions may be offered to some, but not all clients, depending upon various circumstances.
5.3. Additional terms, including expiration dates (if any) for any special promotion, will be provided separately with the special promotions.
6.1. Client is prohibited from collecting or attempting to collect any personal data about referred persons or potential referred persons.
6.2. We may amend, change, suspend or terminate the Referral Program (including any aspect thereof) or your ability to participate in it at any time and for any reason.
6.3. We reserve the right to suspend accounts or reduce/empty accumulated commissions for referrals if we notice any activity that we believe is abusive, fraudulent, or in violation of these general terms and conditions, or that the administration, security or fairness of Referral Program has been compromised in any way.
6.4. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.
6.5. CoinGate Referral Program is void where such referral programs are prohibited.
6.6. By way of participating in CoinGate Referral Program, client agrees that under no circumstances he/she/it will be entitled to any awards for any losses, damages or costs, and client hereby waives all rights to claim punitive, incidental, consequential and any other damages, and waives any and all rights to have damages multiplied or otherwise increased.