Frequently Asked Affiliate Questions!
Do I Need Insurance to be an Affiliate?
- If you are running a business and you become a MagnaWave Affiliate, you agree to obtain appropriate liability insurance for your protection. We recommend Alternative Balance Professional Group if you are located in the US, if you are in Canada we recommend Holman Insurance. If you are not running any kind of business, liability insurance is not required, but we do recommend to obtain insurance coverage on your machine which can be done through Great American Insurance, or you can add it to your homeowners policy.
On what products can I earn a commission?
- Commission can be earned on NEW machine purchases and supplements.
How will I be paid my commissions?
- You will be paid for any earned commissions on, or around, the 1st of the month. For Affiliates living within the US, you will be paid via Direct Deposit. For our international affiliates, you will be paid via Wire Transfer.
How much are commissions?
- Commissions vary depending on the new machine purchased. Supplement commissions are 10%.
- Please refer to your Affiliate contract completed via DocuSign (a copy of your completed document should have been emailed to you directly from DocuSign) for the commission breakdown of each machine.
When will I be paid on supplement commissions?
- Supplement commissions are 10% of the order. Earned supplement commissions will not be deposited until the total has reached $100.
When are the commissions calculated?
- Commissions are calculated from the first day of each calendar months to the last day of that calendar month. All earned commissions will be paid within 5 business days on the following month.
- Please note - Commissions should be deposited on the 1st of each month, however, if there is a holiday or a day your bank is closed, the commission may be delayed until your bank is open and able to process it.
How do I know if I will be receiving a commission?
- You can view any earned commissions in your Affiliate Dashboard within the Commissions Generated tab under Commissions Earned section.
Can I view my ledger?
- Yes! See every referral you have been paid for by logging into your Affiliate Dashboard and clicking the "My Ledger" tab and selecting the date ranges you would like to view.
Reminder of the Affiliate Rules:
In order to receive a commission, the client MUST be registered prior to their purchase. If an affiliate registers the customer at any point after the payment has been completed, no commission will be granted on the sale. There will be NO exceptions on this and the following rules.
Referral Partners make commissions on NEW machine sales and products purchased. Commissions will NOT be paid on any DEMO machines/products, or 2nd/3rd machines/products purchased.
*Affiliates have 90 days from the referrals date of purchase to report a commission that was not paid to the affiliate by MagnaWave. Once the 90 day period has expired MagnaWave will not pay any unpaid commissions.
If a Referral Partner's "Lead Registration Form" is what puts the customers contact into our system, the Referral Partner will be granted their full commission within 30 days of the customers purchase.
If the customer is already in our system when a Referral Partner completes the "Lead Registration Form" (as long as the registration is completed prior to rental or purchase), the Referral Partner will receive a partial commission amount, within 30 days of their purchase.
If multiple Referral Partner's register the same lead/buyer before the purchase. The buyer will be contacted and asked who their referral was on their purchase. If the buyer does not respond by the 25th of the month of purchase, the commission will default to the Referral Partner that most recently registered the buyer.