SatoshiPay launches Blockchain-powered Referral Program

SatoshiPay launches Blockchain-powered Referral Program Dec 18 We are excited to announce our very own publisher referral program. Leveraging the advantages of blockchain payments, our program will open the doors to new partnerships and help us scale up our sales operations. Our usage of fast and cheap transactions on the Stellar blockchain network makes global, instant, irreversible and low fee micropayments a possibility. Today, we are launching a program that showcases yet another advantage blockchain technology has to offer: payments with multiple recipients. Read below how this works and why it has the potential to revolutionise the entire affiliate industry. A first glance at our upcoming new publisher dashboard, including referral engine Refer a publisher to SatoshiPay — build an income A considerable portion of our success so far has stemmed from happy publishers spreading the word about our micropayment solution among other publishers — with no direct compensation. Our affiliate program aims to not only give love back to these evangelists, but encourage affiliate marketers, professional payment and tech consultants to profit from our growth. All of our publishers will receive a personal referral code which they can pass on to as many friends and colleagues they like. For any new publisher that enters a valid referral code during registration it becomes a discount code and they are rewarded with a 40% reduction in fees for their first six months of sales. But wait, there’s more! Of course our affiliate program keeps on giving to loyal advocates. As a referrer, you will begin to get a share of every single payment made to the account of the referred new publisher, for an entire year! Affiliate, in the era of blockchain Using blockchain, our affiliate payments are instantaneous and fully automated — abolishing the disadvantages of existing affiliate systems, like having to wait for minimum or monthly payouts, separate reporting or additional accounting overhead. All payouts can easily be audited using a public blockchain explorer, for example StellarExpert or Stellar Explorer — eliminating the need to trust the affiliate scheme operator. Our unique, in-house referral architecture features a twist that drives it beyond other systems currently in the market: The blockchain that underlies our technology facilitates split payments between an almost infinite number of participants, whilst transactions continue to be global, instant and irreversible. We have incorporated this invaluable feature (that advertisers and affiliate networks could have only dreamed of in the past) as the hero of our new referral scheme. Blockchain power: One payment, many recipients — settled in seconds When a consumer clicks “Pay” on a content publisher’s website, the payment amount is split into three different parts: The publisher revenue, the referrer share and the SatoshiPay processing fee. Within one single network transaction, all three parts of the payment are settled to three different blockchain accounts, and are under the control of the recipients within seconds. If a publisher wants to directly compensate content contributors for their work, this can happen in the very same transaction. Blockchain magic! Payments via fiat-pegged tokens upcoming Currently our payouts will be settled in Lumens, the native Stellar token. However, we are happy to reveal that we will soon switch to stable fiat-pegged tokens that offer all the existing blockchain benefits as well as the relative stability of fiat currencies such as EUR, GBP or USD. Want to know more? Talk to us! A beta of our referral program is now in production and ready to be used. If you are a publisher or affiliate marketer, send us a message to hello@satoshipay.io and we will happily walk you through our referral program. If your service needs to split a large number of small value payments between different parties, we would like to discuss how you could use our technology in your project. The SatoshiPay team