Commission Schedule

1. Introduction

This Commission Schedule outlines the commission rates, payment terms, and conditions for participants in the CoreFi Partner Programme operated by JG Core Ltd (Company #16218779, England & Wales) (“CoreFi”, “we”, “us”, or “our”).

This Schedule is incorporated by reference into our Partner Terms & Conditions. By participating in the Programme, you agree to the rates and terms set out below.

2. Partner Tiers

The Programme has three partner tiers, each with different commission structures:

2.1 Individual Affiliate

Eligibility: Bloggers, content creators, finance influencers, podcasters, and individuals with an audience interested in personal finance.

Commission Model: Cost Per Acquisition (CPA) - one-off payments for new signups and conversions.

2.2 Accountant/Adviser

Eligibility: Chartered accountants, tax advisers, bookkeepers, IFAs, financial coaches, and professional services firms who recommend financial tools to their clients.

Commission Model: Recurring revenue share for 12 months from the date of customer conversion.

Application Required: Must apply with proof of professional credentials (e.g., ACCA, ICAEW, ACA membership, FCA registration).

2.3 Enterprise

Eligibility: High-volume partners, media partners, financial comparison sites, strategic partners, and organisations seeking white-label or API integrations.

Commission Model: Custom negotiated terms based on volume, exclusivity, and strategic value.

Contact: legal@corefi.app to discuss Enterprise terms.

3. Individual Affiliate Commission Rates

Individual Affiliates earn one-off Cost Per Acquisition (CPA) payments for new users who sign up via their referral link:

3.1 Stacking Rules

Commissions do not stack. For example:

• If a user signs up for Free (earning you £5) and later upgrades to Pro, you earn an additional £15 (not £5 + £15 + £15).
• If a user signs up directly to Pro, you earn £15 total (not £5 + £15).
• If a user upgrades from Pro to Premium, you earn an additional £25 (£40 - £15 already earned).

In summary: You earn the highest applicable commission based on the customer's current tier. Upgrades earn thedifference between tiers.

3.2 Subscription Duration

CPA commissions are the same regardless of whether the customer chooses monthly or annual billing. You earn the commission once upon conversion, not on a recurring basis.

4. Accountant/Adviser Commission Rates

Accountants and Advisers earn recurring revenue share for 12 months from the date of customer conversion:

4.1 Rate Determination

Your specific rate (10%, 12.5%, or 15%) is determined during application approval based on:

• Expected referral volume;
• Professional credentials and reputation;
• Strategic value of the partnership;
• Commitment to promoting CoreFi to your client base.

Your rate will be confirmed in writing upon approval and displayed in your Partner Dashboard.

4.2 Recurring Payment Example

If you refer a customer who subscribes to Premium at £24.99/month and you have a 15% commission rate:

• Month 1-12: You earn £3.75/month (15% of £24.99) = £44.99 total over 12 months
• Month 13+: No commission (12-month period has ended)

If the customer upgrades, downgrades, or cancels, your commission adjusts accordingly (see Section 6).

4.3 Annual Subscriptions

If a customer pays annually, the commission is calculated on the monthly-equivalent value and paid in full in the month of conversion.

Example: Premium annual subscription is £249/year. You earn 15% of £249 = £37.35 paid in Month 1.

If the customer renews for a second year within the 12-month commission period, you earn commission on that payment as well.

5. Enterprise Commission Terms

Enterprise partners negotiate custom commission structures based on:

• Expected referral volume (e.g., 500+ conversions/year);
• Exclusivity agreements;
• Media placements and brand exposure;
• API integrations or white-label arrangements;
• Strategic value to CoreFi's growth.

Enterprise terms are documented in a separate written agreement and may include:

• Higher commission rates (20%+);
• Longer commission periods (24+ months);
• Flat monthly retainers;
• Performance bonuses;
• Revenue guarantees.

Contact legal@corefi.app to discuss Enterprise opportunities.

6. When Commissions Are Earned

A commission is earned when all of the following conditions are met:

6.1 Referral Link Attribution

• The user clicks your unique referral link (e.g., corefi.app?ref=YOUR_CODE);
• A tracking cookie or similar identifier is successfully set;
• The user creates a CoreFi account within the 90-day cookie window.

6.2 New, Unique User

• The user is a new customer who has never had a CoreFi account before;
• The user is not a self-referral (i.e., not you, a family member, or an account you control);
• The user is not a duplicate or fraudulent account (as determined by CoreFi's fraud detection systems).

6.3 Conversion (for Paid Tier Commissions)

• The user upgrades to a paid subscription tier (Pro or Premium);
• Payment is successfully processed and cleared;
• The user does not request a refund within the 30-day refund window (see Section 9).

6.4 Legitimate Traffic

• The referral was obtained through legitimate promotional activities (no cookie stuffing, bot traffic, or prohibited activities as defined in the Partner Terms).

Commissions are provisional until the 30-day refund window has passed. They appear as “Pending” in your Partner Dashboard until auto-approved.

7. When Commissions Are Paid

7.1 Payment Schedule

Commissions are paid monthly, according to the following schedule:

• Earning Period: 1st of the month to the last day of the month
• Auto-Approval: Commissions become payable 30 days after the earning date (to allow for the refund window)
• Payment Date: Commissions are paid on or before the 10th business day of the following month

Example: A conversion on 15 January becomes payable on 14 February (30 days later) and is paid by 10 March.

7.2 Minimum Payout Threshold

The minimum payout threshold is £50.00.

• If your total earned and approved commissions for a month are below £50, they roll over to the next month.
• Commissions accumulate until the £50 threshold is met, at which point the full balance is paid.
• Example: You earn £30 in January, £25 in February. Your February payment is £55 (£30 + £25).

7.3 Payment Method

Commissions are paid via:

• UK Bank Transfer: Faster Payments (1-2 hours) or BACS (3 business days)
• International Bank Transfer: SWIFT (3-5 business days)
• Other Methods: PayPal, Wise, or other methods by prior written agreement

You must provide accurate payment details in your Partner Dashboard. We are not responsible for failed or delayed payments due to incorrect information.

7.4 Payment Currency

All commissions are paid in GBP (British Pounds Sterling).

If you require payment in a different currency, currency conversion is your responsibility and you bear any associated fees or exchange rate losses.

7.5 Payment Notifications

You will receive an email notification when a payment is processed, including:

• Total commission amount paid;
• Breakdown by referral;
• Payment method and reference number;
• Tax information (if applicable).

8. Commission Approval Process

8.1 Automatic Approval

Commissions are automatically approved 30 days after the earning date, provided:

• The customer has not requested a refund;
• No fraud or prohibited activity has been detected;
• The customer's payment has successfully cleared.

8.2 Manual Review

CoreFi reserves the right to manually review commissions if:

• Unusual traffic patterns are detected;
• Multiple referrals from the same IP address or device;
• The customer disputes the charge;
• Suspected fraud or prohibited activity.

Manual reviews typically take 5-10 business days. You will be notified if a commission is under review or rejected.

8.3 Commission Rejection

Commissions may be rejected if:

• The referral violates the Partner Terms (e.g., self-referral, cookie stuffing);
• The user is not a new, unique customer;
• Payment is reversed or disputed;
• Fraud is detected.

Rejected commissions are marked as “Rejected” in your Partner Dashboard with a reason code. You may appeal a rejection by contacting legal@corefi.app within 14 days.

9. Clawback Policy

9.1 Refund Clawback

If a customer requests a refund within 30 days of payment, the associated commission is reversed. This applies to both CPA and recurring commissions.

Example (CPA): A customer upgrades to Pro (earning you £15), then requests a refund 15 days later. The £15 commission is reversed.

Example (Recurring): A customer subscribes to Premium (earning you £3.75/month), then cancels and requests a refund after Month 2. Months 1 and 2 commissions (£7.50) are reversed.

9.2 Chargeback Clawback

If a customer initiates a chargeback with their bank, the associated commission is reversed regardless of the chargeback outcome.

9.3 Clawback Deduction

Clawbacks are deducted from your next commission payment(s).

• If you have not yet been paid for the reversed commission, it is simply removed from your pending balance.
• If you have already been paid, the clawback amount is deducted from future payments until recovered.
• If your partnership ends before the clawback is recovered, we reserve the right to request repayment or deduct from your final payment.

10. Subscription Changes

10.1 Upgrades

If a customer upgrades from one paid tier to another (e.g., Pro to Premium), you earn the difference in commission.

CPA Example: Customer upgrades from Pro (£15) to Premium (£40). You earn an additional £25.

Recurring Example: Customer upgrades from Pro to Premium in Month 3. Your commission adjusts to the Premium rate for remaining months (3-12).

10.2 Downgrades

If a customer downgrades (e.g., Premium to Pro), your recurring commission adjusts to the lower tier's rate for remaining months.

No clawback occurs for downgrades, only forward adjustment.

10.3 Cancellations

If a customer cancels their subscription, no further recurring commissions are earned.

• Refund Window: If cancelled within 30 days of payment, see Section 9.1.
• After Refund Window: Previously earned commissions are not reversed.

11. Rate Changes

11.1 Notice Period

CoreFi reserves the right to change commission rates with 30 days' written notice via email or your Partner Dashboard.

11.2 Grandfathering

Rate changes apply only to new referrals made after the change takes effect.

• CPA Affiliates: Conversions attributed to referrals made before the rate change earn the old rate.
• Accountant/Adviser: Customers referred before the rate change continue to earn the old rate for the full 12-month period.

11.3 Rate Reductions

If you do not agree to a rate reduction, you may terminate your partnership as described in the Partner Terms (Section 11.2). You will continue to earn at the old rate for referrals made before termination.

12. Tax and Invoicing

12.1 Tax Responsibility

You are solely responsible for all tax obligations arising from commission payments (see Partner Terms Section 9).

12.2 VAT

If you are VAT-registered in the UK, you should issue a VAT invoice to CoreFi for commission payments.

• Commission payments to UK VAT-registered partners will not include VAT. You must add VAT to your invoice.
• Commission payments to non-VAT-registered partners include the full amount (no VAT adjustment).

12.3 Tax Documentation

CoreFi will provide annual payment summaries for tax reporting purposes by 31 January each year (for the previous tax year, April-April).

You are responsible for accurately reporting commission income on your Self Assessment tax return or company accounts.

13. Reporting and Transparency

13.1 Partner Dashboard

Your Partner Dashboard (/partners/dashboard) provides real-time reporting on:

• Referral Clicks: Number of clicks on your referral link
• Signups: Free account signups attributed to you
• Conversions: Paid subscription conversions
• Commissions Earned: Total lifetime commission earnings
• Commissions Pending: Awaiting auto-approval (within 30-day window)
• Commissions Payable: Approved but not yet paid (below £50 threshold)
• Commissions Paid: Total paid to date
• Conversion Rate: Signups ÷ Clicks
• Average Order Value: Average subscription tier of conversions

13.2 Data Privacy

You receive anonymised referral statistics only. We do not share Personally Identifiable Information (PII) of referred users.

You will see: number of conversions, subscription tier, and commission amount. You will not see: names, email addresses, or financial details of referred users.

14. Contact

For questions about this Commission Schedule, contact us at:

Email: legal@corefi.app
Address: JG Core Ltd, Company #16218779, England & Wales