Figure Pay: Merchant Referral Program
- Terms & Conditions
Below are the official rules of the Figure Pay Merchant Referral Program (the “Program”), established by Figure Payments Corporation dba Figure Pay (“Figure Pay”). By choosing to participate in the Program, you agree that you are bound by and will comply with these rules, and you acknowledge that you satisfy all eligibility requirements.
The referral bonus is available to all Figure Pay account holders who refer merchants residing and doing business in the state of Montana; see our website (figure.com/faqs/figure-pay/) for more details. You must have a Figure Pay account to be eligible for the referral bonus. The merchant(s) you refer must sign up for a Figure Pay Merchant account using the referral link you share. If a referred merchant receives a referral link from more than one person, Figure Pay will provide the referral bonus to the person whose link is used to complete the Figure Pay Merchant account opening process, regardless of when the referral links were sent. If a referred merchant registers for a Figure Pay Merchant account using any other method, the registration will not count as a referral and you will not earn a referral bonus. The referral bonus is earned when the referred merchant successfully opens a Figure Pay Merchant account and completes a minimum of $100 in aggregate transactions on Figure Pay within the first three (3) months of sign-up. The referral bonus will be deposited into your Figure Pay account within twenty (20) days of the bonus being earned.
You are eligible to receive a maximum of one (1) merchant referral bonus for a total of $250. You are only eligible to receive a referral bonus if the referred merchant registers for a Figure Pay Merchant account using a valid and current email address that has not previously been used to register for a Figure Pay Merchant account. If you choose to participate in the Program, you must comply with all applicable laws and regulations, including, but not limited to, email and anti-spam laws. Soliciting referrals for commercial purposes or via bulk email distribution, social media, or with the assistance of a hired third party is prohibited. Soliciting referrals shall be limited to merchants you believe would have an interest in opening a Figure Pay Merchant account. Figure Pay reserves the right in its sole determination to prohibit any email or social media distribution of the referral link or information.
You acknowledge that your participation in the Program is solely as an independent contractor, and that it does not constitute any type of employment relationship, nor shall it be considered or construed to be a partnership or joint venture. Any compensation/benefits received in connection with your participation in the Program are limited to the referral bonuses that you earn by following the rules set forth herein. Each participant in the Program is solely responsible for any taxes on any bonuses received in connection with the Program, and if applicable, you may receive an IRS Form in the event that the total amount of your referral bonuses exceed a certain dollar amount. By participating in the Program, you agree to release, and hold Figure Pay, its employees, officers, directors, shareholders, parent company, affiliates, representatives, advertising agencies, and Program administrator harmless from any and all liability, injuries, losses, and damages that result, directly or indirectly, with your participation in the Program, including, but not limited to, attorneys’ fees and court costs. Figure Pay, in its sole discretion, has the right to disqualify any participant who Figure Pay determines has not followed these rules or is otherwise ineligible.
Figure Pay reserves the right to modify, suspend, or terminate the Program at any time, for any reason.