Affiliate's Policy

SILTFO AFFILIATE PROGRAM SERVICE AGREEMENT

 

(UPDATED, 22ND JUNE 2020)

 

NOTE: PLEASE CAREFULLY READ ALL CONTENTS OF THIS AGREEMENT BEFORE YOU ACCEPT THIS AGREEMENT. IF YOU HAVE ANY QUESTIONS ABOUT ANY TERMS HEREIN, PLEASE MAKE YOUR INQUIRIES WITH SILTFO AND SILTFO WILL PROVIDE FURTHER EXPLANATION. IF YOU DISAGREE WITH ANY CONTENT CONTAINED WITHIN THIS AGREEMENT, OR HAVE DIFFICULTY IN UNDERSTANDING THE EXPLANATION OF THE TERMS PROVIDED BY SILTFO, PLEASE DO NOT CONDUCT ANY FURTHER OPERATION.

 

This SILTFO Affiliate Network Program Service Agreement (the “Agreement”) contains the terms and conditions that govern your participation in the SILTFO Affiliate Network Program (the “Program”).

 

By clicking “CONFIRM” or “I AGREE” in the webpage or otherwise accepting this Agreement and all its related Insertion Order(s), or having actually used the services contemplated hereunder, you have reached an agreement with SILTFO and agreed to all terms herein. You acknowledge and agree that you have independently evaluated the desirability of participating in the Program and are not relying on any representation, guarantee, or statement other than as expressly set forth in this Agreement; and hereby represent and warrant that you are lawfully able to enter into contracts (including but not limited to representing and warranting you are not a minor) and that you are and will remain in compliance with this Agreement. In addition, if this Agreement is being agreed to by a company or other entity, then the person agreeing to this Agreement on behalf of that company or entity hereby represents and warrants that he or she is authorised and lawfully able to bind that company or entity to this Agreement.

 

This Agreement includes the main body, appendices and all rules that have been already published and updated from time to time or may be published in the future for the Program, which shall be an integral part hereof and be equally binding with the main body. SILTFO has the right to from time to time revise this Agreement, the appendices hereto and rules hereunder and relevant contents.

 

SILTFO”, “siltfo.com”, “we” or “our” in this Agreement means SILTFO GLOBAL SERVICES LIMITED, a company incorporated under the laws of the Federal Republic of Nigeria and having its registered address at 43 Oritshe Street, Bulogun Bus Stop, Obafemi Awolowo Way, Ikeja Lagos Nigeria. “You”, “your” or “Participant” means the applicant for the Program. Each of siltfo.com and Participant is referred to as a “Party” and collectively as “Parties”.

 

 

1.         DEFINITIONS

 

1.1       “Siltfo.com” means a web application for B2B+B2C online marketplace for buying and selling of unlimited categories of products, foods, groceries, electronics etc.

 

1.2       “siltfo.com Content” means artworks, graphics, logos, and copies of siltfo.com Product that are made available by siltfo.com to you for advertisements on websites or other media controlled by you. siltfo.com Content excludes any data, images, text, or other information or content relating to products or services offered by any website other than the siltfo.com Platforms.

 

1.3      “Siltfo.com Products” means any product that is offered for sale by sellers on the siltfo.com Platforms.

 

1.4       “Siltfo.com Site” means the website with the URL: http://www.siltfo.com .

 

1.5       “Buyer” means a registered or (guest) user of siltfo.com Platforms who will make or has made a purchase of siltfo.com Products of the Siltfo affiliates activation mall.

 

1 5       Club point” means digit numbers the all buyers both affiliates and non-affiliates earn during product purchase which are convertible to shopping payment wallet. 

 

1         “Payout” means the payment of the participant’s royalty paid into the local bank details they provided on their dashboard.

 

1 45    “Coupon” means a voucher code that entitled the holder to a discount purchase of a particular product     

 

 

1.       “Affiliate” means a registered user of siltfo.com Platforms whose account is activated with an affiliate activation purchase of N10, 000.

     

1.7      “Affiliate earning percentage from the Affiliates’ mall” means a certain percentage affiliates’ will earn from products purchased from the affiliates’ mall by them and their referral team.

 

1. 8     “Affiliate earning percentage from the public’ mall” means a certain percentage affiliates’ will earn from products purchased from the public’ mall by them and their referral team

 

1. 9    “Affiliate royalties” means a certain amount of cash the affiliates will earn from the provided sources of income from transactions on Siltfo.com

 

1 13   “Share and sell royalty” means the cash affiliates earn on social media sales campaign when they share products on the affiliates mall on their social media platforms to engage buyers    

 

1. 10   “Royalty conversions” means dollar conversion rate of wallets, the percentage of cash that converts to wallet in each earning and PV value

 

1. 11   “Referral link” means the affiliate’s membership / referral link that enable him to invite participants into the affiliate program to enable him earn from the purchases of his invited affiliates buyers

 

1. 11    “Referral tree” means the mono-line emoji structure that has data contacts of those who signed on Siltfo.com through your referral link, including those who signed up using the links   of those under your network tree.

 

1. 12   “Siltfo leadership award levels, gifts & royalties” means the leadership positions, levels, gifts, awards and royalties entitled to anyone who attends such leadership levels

 

1 12     Fraud” means any action that intentionally attempts to create sales, leads, or click-throughs using robots, frames, iframes, scripts, or manually “refreshing” of pages, for the sole purpose of creating commissions.

 

 

1.8     “Intellectual Property Rights” means patents, rights to inventions, copyright and related rights, trademarks, trade names, domain names, rights in get-up, rights in goodwill or to sue for passing off, unfair competition rights, rights in designs, rights in computer software, database rights, topography rights, moral rights, rights in confidential information (including without limitation know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered and including all applications for, and renewals or extensions of, such rights, and all similar or equivalent rights or forms of protection in any part of the world.

 

1.9     “Network” means a Participant who controls a number and variety of websites, newsletters, or other third party online or offline media whereby the Siltfo.com Products can be placed.

 

1.10     “Participant Site/Media” means the website or other online media controlled by you whereby you have the right to place advertisements of Siltfo.com Content pursuant to the Program.

 

1.11     “Publisher” means a Participant who is an individual or entity that controls a website (including its pop-up links, SEM links, SEO links, email links and other traffic sources on the website) whereby the Siltfo.com Products can be advertised through the placing of Siltfo.com Content on the website.

 

1.12     “Qualifying Purchases” means purchases completed by the Buyer on the Siltfo.com Platforms via your advertisement or referral link on Siltfo.com platform. A purchase shall only be deemed to be “completed” by a Buyer if the Buyer has taken the requisite steps required by the Siltfo.com Platforms for acknowledging transaction completion. For the avoidance of doubt, transactions on the Siltfo.com Platforms that are refunded by Buyer shall not be deemed as a Qualifying Purchase.

 

1.13     “Server to Server Post-back” means Siltfo.com’s recording of the data of the Buyer’s action on its own server and the subsequent reporting of the data to you by utilizing a URL provided by you, which contains a code to track the number of Buyer(s) who visited Siltfo.com Platforms and the corresponding action of such Buyer(s). Whenever a Qualifying Purchase occurs on the Siltfo.com Platforms, Siltfo.com will generate a server request to you and you will record the data accordingly.

 

1.14     “Taxes” means all federal, state, provincial, territorial, county, municipal, local or foreign taxes, including but not limited to sales, use, license, excise, good and services, value added, stamp or transfer taxes, duties, imposts, levies, assessments, tariffs, fees, charges or withholdings of any nature whatsoever levied, imposed, assessed or collected by a taxation authority together with all interest, penalties, fines or other additional amounts imposed in respect thereof, but for greater certainty excludes any of the foregoing which are (i) based on gross or net income, (ii) franchise taxes, or (iii) property, personal property or rental taxes (collectively "Excluded Taxes").  Each party shall be responsible for any and all Excluded Taxes that it is liable for under applicable law.

 

 

2AFFILIATE PROGRAM

 

1.     SILTFO affiliate system is designed to enrich affiliates who will make their fortunes via referrals, group or individual purchases from the platform.

EARNING PERCENTAGE FROM THE AFFILIATES’ MALL:

Affiliates will earn 1% - 20% commission on the products purchased from the affiliates’ mall. Any percentage of commission places on a product on the affiliate’s mall is considered a 100%, any affiliate who buys the product will earn 60% of the commission on the product, while 40% is shared to his 5 direct up-liners.

 

 

EARNING PERCENTAGE FROM THE PUBLIC MALL:

Affiliates will earn 4% flat rate on the admin charges from all product categories on the public mall. 50% of this flat rate goes to the buyer, while 50% is shared to his 5 direct up-liners

 

 

 

ROYALTY SUMMARY

All purchases on Siltfo.com are designed to generate cash-back profits from sales to the affiliate users and promoters without an obligatory investment or subscription fee. Below are affiliates’ channels of income from the system.

Below are transactions on Siltfo.com design to enable affiliates’ to earn residual income.

REFERRAL BONUS: Affiliates will earn 20% cash / PV referral bonus from the activation package of everyone signing up with their referral links.  

DIRECT PURCHASE BONUS FROM THE AFFILIATES MALL: Affiliates will earn 60% cash / PV bonuses from commission percentages on any product they buy from the affiliates’ mall.  

TEAM PURCHASE BONUS FROM THE AFFILIATES’ MALL: Affiliates will earn 8% cash / PV bonuses from commission percentages on any product their referees buy even till their 5th generation.

DIRECT PURCHASE BONUS FROM THE PUBLIC MALL: Affiliates will earn 2% cash / PV bonuses from commission percentages on any product they buy from the public mall.  

TEAM PURCHASE BONUS FROM THE PUBLIC MALL: Affiliates will earn 0.4% cash / PV bonuses from commission percentages on any product their referees buy from the public mall even till their 5th generation.  

 

SHARE AND SELL REYALTY: Affiliates will earn total percentage of commission on any product they share on the social media when it’s purchased.    

 

VENDOR SALES BONUS: Affiliates will earn 1% cash / PV bonuses from all the sales of the vendors who created a store with their referral link to sell on Siltfo.com.   

One Time Activation Purchase

Being an affiliate will migrate you from a customer to a business owner who earns cash-back returns from items purchased both from the public marketplace and from the affiliate’s mall. To be an affiliate, the system will require you to make your first purchase of items worth N10, 000 and above from the affiliates’ mall (Logistics cost of N2000 inclusive).     

 

THE REFERRAL SYSTEM

After your affiliates account activation, you will receive 2 referral links:

1.                  A link to refer affiliates

2.                  b. A link to refer vendors

You will earn from both affiliates and vendors who sign up with your referral link. Referral is limitless!

 

REFERRAL TREE

Each person that signs up with your link will be dropping by the sides to your left and right till infinity. This is an unlimited front-line referral structure, and you will always earn percentages from all their purchases. Secondly, each of those people you referred will form a team of five (5) persons for you as they start referring others, and you will equally earn from their downlines even till the 5th person under each of them.    

 

PAYOUT

Siltfo pay participant’s royalty on 1st to 5th days of every month. All payments are made to the local back account provided by the participants    

 

COUPON

Participants receive shopping coupon either through leadership level achievement, or special coupon promo offers. 

 

CLUB PONITS

Club point’s conversion rate is 1 point equals to NGN1, 360 points equals to $1.

 

SILTFO LEADERSHIP AWARD LEVELS, GIFTS & ROYALTIES

All PV accumulated qualifies the affiliate for gift, cash, travel, coupon and scholarship awards as detailed in the diagram below:

 

Note: This affiliate policy is currently on development process, more amendment shall be effected for a better customer experience.