This is to inform that the "Dealer's 1% Outright Commission on Dealer Wallet (DW) Sales" will now be replaced with "1% Retailer Reload Commission". Details are as follows;
Existing (1% Dealer's Outright Commission):
- Example if 3,000 Dealer Wallet (DW) Purchase.
- Dealer receives outright of 1% (P30).
- Total Dealer Wallet Received is 3,030 DW.
NEW (1% Retailer Reload Commission):
- Example if 3,000 Dealer Wallet (DW) Purchase.
- 3,000 Dealer Wallet must be sold or converted to
Retailer Load Wallet (LW).
- After sale or conversion (DW to LW), then the 1% Retailer Reload
Commission (RRC) or in this case, 30 RRC, shall be received.
- The 1% Retailer Reload Commission amount can be sold to retailers.
This will be implemented on, May 17, 2021.
Thanks