Affiliate FAQs
All Bonusbank members are automatically given an affiliate link that they can share with friends and family. If someone then signs up via that link we will pay a commission to the person who referred them.
You can view our full terms & conditions here, but below are some of the most commonly asked questions. Starting with the most important one...
How do i get paid?
The easiest way to benefit from your referrals is to request a discount on your future Bonusbank subscription payments. This can be done via the request a payment form found via the affiliate dashboard. If you choose this payment option we will even add an extra 10% to your payout amount.
If you would prefer a cash payment (possibly because you are earning more commission each month than your subscription costs), that can also be arranged. We make payments via bank transfer or PayPal. The minimum payout amount is $50.
The first time that you make a request for a cash payout it is necessary to complete this ATO form and send it to [email protected]. Once you have done that, future requests can be made quickly through the request a payment form.
On the ATO form you can mark that the commissions were earned as part of a ‘recreational pursuit or hobby’. If you have an ABN and plan on declaring the earnings you can provide us with an invoice for the commissions rather than completing the form.
All requests will be processed within 48 hours of us receiving them.
What is the affiliate program?
This is basically a refer a friend program where we reward members who tell their friends or family about Bonusbank.
However, if you have a large platform (Facebook page/group, Instagram/TikTok following, blog, website etc), it can also provide a business opportunity.
How much can i earn?
For every friend that you refer via your affiliate link you will earn 25% of any subscription payments that they make in their first 12 months as a member, plus 12.5% on any payments after that.
By referring a few friends you can cover the cost of your own Bonusbank subscription, but if you have a way to reach a large audience you can potentially earn an additional income through the program.
Commission rates increase for people who refer lots of new members and meet certain thresholds that are laid out in the terms.
Earnings are uncapped. It is possible to earns thousands of dollars each month if you have a large audience.
How do i become an affiliate?
You already are one! Every premium member is automatically given an affiliate link which you can find here.
Just share that link with your friends and you will start earning commission straight away.
How can i track my earnings?
The affiliate dashboard provides stats that let you see how many times your link has been clicked, and how many transactions that has led to.
What kind of things can i do to encourage people to sign-up via my link?
Just letting people know about the profits that you are making is a pretty good place to start. You could show them the graph from your Bet tracker, or even keep a profit diary which you update daily or weekly. If you do this on a public medium, such as Instagram or TikTok, you may attract a lot of referrals.
If you have a website you could post one of our banners on it. You can find banners that include your affiliate code here.
If you have a large audience we can also provide you with unique coupon codes to encourage people to sign-up.
Are there restrictions on what i can do to promote the site?
There are a few restrictions which you can find in our affiliate terms & conditions.
My commission amount is higher than my subscription fee. What happens to the extra money if i request a discount?
Any additional funds will be carried over and discounted from your next invoice.
What happens to my commissions if i stop being a member?
If your Bonusbank subscription ends you will stop being an affiliate and will no longer earn new commissions on referrals you have made. Any commissions you have earned while a member will be available to withdraw.
If you plan to continue referring people to Bonusbank after your subscription ends you can get in touch and request an affiliate-only membership. However, please note that these will only be granted to affiliates that have a large audience or a demonstrable track-record of regular referrals.