Are you looking for affiliate or referral program software that does automated rewards and commissions? Look no further than Referral Factory!
If you already have a Referral Factory account, then keep reading to learn about recurring rewards 👇
📌 Want to know what else you can do with rewards on Referral Factory? Read the overview.
Understanding Recurring Rewards
Recurring rewards are a type of reward structure where referrers receive rewards on an ongoing basis at fixed time intervals, often linked to a repeating spend by the person they referred. Popular in SaaS referral programs and affiliate marketing for subscription-model revenue, Referral Factory allows you to automate the calculation and issuing of recurring rewards!
Reward intervals can be tailored to suit your specific goals and preferences, ranging from weekly and monthly to quarterly, yearly, or even at custom intervals. This consistent issuing of rewards serves to maintain referrer engagement over an extended period.
With Referral Factory, you can issue recurring rewards as a fixed amount reward, as a commission based reward, or as a custom (non-monetary) reward. Coupon rewards cannot be issued on a recurring basis.
Recurring rewards can be simply tracked (Issue Yourself) or can be automatically issued via Tremendous, Zapier, Webhooks, or Stripe.
How To Add A Recurring Reward
→ Follow the steps for the type of reward you want to issue and the issuing method outlined in the articles below.
→ When you are prompted to choose between a once-off and a recurring reward in the following step, select recurring.
→ When you finalize the rules of your reward, you will be able to set the period at which the reward should reoccur and whether the reward should stop recurring.
→ Please note that Referral Factory automatically stops issuing rewards if the Person Invited is unqualified. However, you can choose what should happen if the user becomes qualified again.
