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Advanced Reward Options
ReferralHero has updated its reward templates with new Advanced Options. This feature comes with new options that allow you to set up additional types of rewards and reward rules. These advanced options will be most beneficial if you are offering payment as a reward.
The Advanced Options for reward templates now include three new options for setting up rewards:
- Reward Value: choose a fixed amount or a percentage of the referral conversion value.
Note: If selecting ‘percentage of referral conversion value’ the conversion value must be set in the Subscriber profile to calculate the reward value, otherwise the reward value will return as 0. This feature is not available in points-based campaigns.
- Reward Frequency: set up recurring payments that occur every set number of days or months for a specified number of times.
- Reward Delivery: choose to release the reward immediately, hold it until manually reviewed and released, or hold it for a specified number of days before releasing.
Reward Value: 10 fixed amount Reward Frequency: recur every 1 month, total 3 times Reward Delivery: release immediately
Example 2 Reward Value: 10% of the conversion value Reward Frequency: $300 conversion value, recur every 1 month, total 3 times Reward Delivery: release immediately
Note: If a reward triggers every time a subscriber refers three referrals and the reward value is based on the percent of referral conversion value, the sum of all three referral conversion values will be used to calculate the reward value.