This policy establishes the terms and conditions governing referral activities, tax responsibilities, and payout procedures between The Pink Coin and its referrers or partners.
Tax Referral and Payout Policy
Between The Pink Coin and [Referrer/Partner Name]
1. Purpose
This policy establishes the terms and conditions governing referral activities, tax responsibilities, and payout procedures between The Pink Coin and its referrers or partners. It ensures transparency, compliance, and fairness in all referral-related payments and commissions.
2. Scope
This policy applies to all individuals or entities participating in The Pink Coin’s referral program, including affiliates, partners, and independent referrers who promote The Pink Coin’s services or bring in new clients, students, or instructors.
3. Referral Program Terms
Referrers are eligible to earn commissions for successful referrals that result in confirmed sales, enrollments, or partnerships with The Pink Coin.
A referral is considered successful once the referred party has completed registration and made full payment for the applicable service or course.
Referral commissions and eligibility criteria will be defined in the specific referral agreement or promotional campaign.
Self-referrals or fraudulent referrals are strictly prohibited and may result in immediate termination from the program and forfeiture of unpaid commissions.
The Pink Coin reserves the right to verify all referrals before approving any payout.
4. Payment and Payout Schedule
Referral payouts will be processed on a monthly basis unless otherwise stated in the referral agreement.
Payments will be made via the method agreed upon (e.g., direct deposit, PayPal, or other approved platforms).
A minimum payout threshold may apply; commissions below this 50$ threshold will roll over to the next payment cycle.
Delays in payment may occur if required tax documentation or banking details are incomplete or inaccurate.
The Pink Coin reserves the right to withhold or delay payments in cases of dispute, policy violation, or suspected fraud.
5. Commission Calculation
Commissions are calculated based on the agreed-upon percentage or flat rate per successful referral.
Any applicable transaction fees, chargebacks, or refunds will be deducted from the total commission amount.
The Pink Coin will provide a statement summarizing referral activity, earnings, and deductions for each payout period.
6. Refunds and Adjustments
If a referred client or student receives a refund, any associated referral commission will be reversed or deducted from future payouts.
The Pink Coin reserves the right to adjust or reclaim commissions in cases of billing errors, cancellations, or policy violations.
7. Tax Responsibilities
Referrers are considered independent contractors and are responsible for reporting and paying their own taxes in accordance with local, state, and federal laws.
The Pink Coin does not withhold income tax, social security, or other statutory deductions from referral payouts.
Referrers must provide accurate tax identification information (such as a W-9 form or equivalent) before receiving any payments.
The Pink Coin will issue appropriate tax documentation (e.g., Form 1099-NEC for U.S.-based referrers) as required by law.
8. Confidentiality
All financial, tax, and referral-related information shared between The Pink Coin and referrers is confidential.
Disclosure of payout details, referral data, or client information to unauthorized parties is strictly prohibited.
9. Compliance and Auditing
The Pink Coin reserves the right to audit referral activities and payout records to ensure compliance with this policy.
Referrers must cooperate with any reasonable requests for verification or documentation.
10. Amendments
The Pink Coin may update or amend this policy at any time.
Any changes will be communicated in writing and will take effect from the date specified in the notice.
11. Agreement
By participating in The Pink Coin’s referral program and accepting referral payouts, the referrer acknowledges that they have read, understood, and agreed to the terms outlined in this Tax Referral and Payout Policy.
To become an affiliate please visit our affiliate area.
The Pink Coin