It is an agreement between the OKBET company and an Affiliate. It lists the rules that all members of the OKBET Affiliate program have to follow. As an Affiliate, it will be your job to promote the websites, brands, and apps owned and run by any entity in the OKBET group, including OKBET and any website, brand, or app that is made available through the Affiliate program. By filling out the Affiliate Program application and checking the “I have read and agree to the terms and conditions” box, you agree to the terms and conditions of this Agreement, which is a legally compulsory agreement between you and OKBET.
PLEASE READ THE ENTIRE SERVICE AGREEMENT
By submitting the online application, you agree that you have read and understood the terms and conditions of this agreement. Also, that you agree to be legally responsible for each and every term and condition as an okbet agent or affiliate.
AFFILIATE COMMISSION TIER PLAN
#1 GOLD TIER – 0.80% Turnover From Valid Bet Minimum 20 Active Players
Example: Affiliate X has a turnover bet of at least 20 active players for a total of PHP 3,000,001 and up multiplied by 0.008 (0.80% Rebate) equals PHP 24,000 and up, which is the rebate pay.
#2 SILVER TIER – 0.40% Turnover From Valid Bet Minimum 10 Active Players
Example: Affiliate X has a turnover bet of at least 10 active players for a total of PHP 1,000,001 – 3,000,000 multiplied by 0.004 (0.40% Rebate) equals PHP 4,000 – 12,000, which is the rebate pay.
#3 BRONZE TIER – 0.20% Turnover From Valid Bet Minimum 5 Active Players
Example: Affiliate X has a turnover bet of at least 5 active players for a total of PHP 0 – 1,000,000 multiplied by 0.002 (0.20% Rebate) equals PHP 0 – 2,000, which is the rebate pay.
Details Bronze Tier 0.20% Silver Tier 0.40% Gold Tier 0.80%
Turnover 0 – 1,000,000 1,000,001 – 3,000,000 3,000,001 and up
Rebate 0.002 0.004 0.008
Rebate Pay 0 – 2,000 4,000 – 12,000 24,000 and up
AFFILIATE OVERVIEW (Tri-Level Relationship)
Level 1 OKBET
- Provides the betting platform and technical/customer support
Level 2 AFFILIATE
- Finds potential players for the OKBET platform
Level 3 PLAYER
- Betting Customer
OKBET will open one link for the recruited affiliate
- Remark: To be eligible for the monthly commission, the okbet agent affiliate must have at least 5 active players (KYC approved and with a deposit and betting activity for the calendar month).
The OKBET agent or affiliate will create an account for all of its players.
- Remark: All registered players need to pass the KYC before being allowed to withdraw.
OKBET will implement the following rules before an okbet agent or affiliate is allowed to withdraw.
- Remark: Commission will be calculated monthly and released within 5-7 business days of the following calendar month. There will be no loss carry-over applicable.
RIGHT AND RESPONSIBILITY
We will turn down your application or end this contract if, in our sole judgment. Therefore, we decide that any of your websites make to appeal to people under the age of 21.
Moreover, OKBET is very committed to protecting its end-users from all kinds of malicious, harmful, or invasive software, and it has a policy of “zero tolerance” in this area. So, We will either turn down Your application or end this Agreement right away if, in Our sole judgment, any of Your websites are to spread or promote spyware, adware, viruses, worms, or any other kind of malware.
We reserve the right to do background checks on You and ask for any relevant documents for any cause, including, but not limited to, investigating Your identity, personal history, registration details like name, address, and age, or Your financial transactions financial standing.
This Agreement is suitable for as long as OKBET or members of the okbet agent or Affiliate program make this service available unless this Agreement is terminate earlier than that. It is your job to look over this Agreement every so often to make sure you know the most recent version.
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