Receipt Of Commissions
You receive commissions based on the compensation plan package as detailed on the “Compensation Plan” page.
Commissions is calculated and credited to individual member accounts as earned, but paid with effect from the 15th of the month after that which the commission relates, provided a threshold of =N=2000 is attained.
Minimum commission amount payable is thus =N=2000.00 (Two thousand naira) and any commission earned but less than this, is accumulated until it reaches this threshold.
Commission (as long as it exceeds =N=100) can however alternatively be utilized to purchase any value of recharge cards it is sufficient to buy, at any time.
The procedure for this is by raising a member support ticket, indicating the product type and the value of airtime you wish to purchase with your accumulated commission, or part thereof.
Commissions is paid through the Nigerian banking system, utilizing any of the two(2) methods stated below :
Cash – You can utilize our Bank’s Local Money Transfer mechanism through which you can collect cash in any selected branch of our Bank convenient to you. You must have opted to collect your commissions by “Cash” in your member account details form and payment will be made to a branch of our Bank in the State/City you indicated in your member account details form.
Once commissions fall due from the 15th of the month after that to which the commission relates, and your commissions due is =N=2000.00 and above, your commission will be forwarded and you will be notified of the details to collect same.
Internet Banking – You must have opted to collect your commissions by “Internet Banking” in the member account details form and you must also insert the Bank and Branch of the Bank you have an account with, your account number with that Bank, that you want credited with your commissions and the Sort Code for the Bank Branch.
Once commissions fall due for payment from the 15th of the month after that to which the commission relates, and your commissions due is =N=2000.00 and above, your commission will be forwarded to the account number you specified in your member account details form and you will be notified of same.
Note: Commissions refers to total commissions you earn from all programs within Homebiz-Supermarket Programs