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Policy

Referral policy

1. Introduction

This program is designed to reward our valued customers for referring others to our platform. By participating in the referral program, you agree to comply with and be bound by the following terms and conditions.

2. Eligibility

  1. To participate in the referral program, you must be a registered user of Etherbit.in with a valid account.
  2. Participants must be at least 18 years of age.

3. How the Program Works

  1. Eligible users (the "Referrer") can refer friends, family, or acquaintances (the "Referee") to make purchases on Etherbit.in.
  2. The Referrer will receive a referral commission when the Referee completes a purchase on Etherbit.in using the unique referral link provided by the Referrer.
  3. There is no requirement for the Referee to be a new customer; any customer can be referred.

4. Referral Commissions

  1. The commission rate is different for each batch of products and varies from product to product. The rate starts at 5% and is calculated on the pre-tax value after subtracting shipping and marketing costs from the pre-tax value.
  2. Commissions will be credited to the Referrer's account on Etherbit.in and can be tracked through the user dashboard.
  3. The referral amount will be credited to the Referrer’s account 15 days from the delivery date of the Referee’s order.

5. Withdrawal of Commissions

  1. Referral commissions can be withdrawn to the Referrer's bank account once they reach a minimum threshold of ₹1,000
  2. Users can request one payout every 30 calendar days.
  3. To withdraw commissions, the Referrer must provide valid bank account details through the Etherbit.in platform.
  4. Withdrawals will be processed within 14 working days after the withdrawal request is submitted.

6. Fraud Protection

  1. Etherbit.in is committed to maintaining the integrity of the referral program and protecting it from fraudulent activity.
  2. Any attempt to manipulate the referral program, including but not limited to creating multiple or fake accounts, self-referrals, or any other deceptive practices, will result in disqualification from the program and forfeiture of any earned commissions.
  3. Etherbit.in reserves the right to investigate all referral activities and take appropriate action against any participant suspected of fraud or abuse. This may include, but is not limited to, suspension or termination of the participant’s account, voiding of commissions, and legal action.
  4. Participants must act in good faith and comply with all applicable laws and regulations when participating in the referral program.

7. Restrictions and Limitations

  1. There is no limit to the number of referrals a Referrer can make; however, each referral must be unique and comply with these terms.
  2. The Referrer cannot refer themselves, create multiple or fake accounts, or engage in any fraudulent activity to obtain referral commissions.
  3. Etherbit.in reserves the right to withhold or cancel referral commissions if it suspects any form of abuse, fraud, or violation of these terms.

8. Program Modifications and Termination

  1. Etherbit.in reserves the right to modify or terminate the referral program at any time without prior notice.
  2. Any changes to the program will be posted on our website, and it is the participant's responsibility to review the terms regularly.

9. Limitation of Liability

  1. Etherbit.in will not be liable for any errors, omissions, interruptions, deletions, defects, delays in operation or transmission, communication line failures, theft, destruction, unauthorized access to, or alteration of, referrals.
  2. By participating in the referral program, you agree to release Etherbit.in from any liability or claims arising out of or in connection with the referral program.

10. Governing Law

These terms and conditions are governed by and construed in accordance with the laws of Surat, Gujarat, India, without regard to its conflict of law principles.

Any disputes arising from or relating to the referral program shall be resolved in the courts of Surat, Gujarat, India.

11. Contact Us

If you have any questions about the referral program or these terms and conditions, please contact us at support@etherbit.com.

By participating in the Etherbit.in Referral Program, you acknowledge that you have read, understood, and agree to be bound by these terms and conditions.

Last updated on 22 July 2023

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