This program is created with the intended purpose of accelerating the growth of startup businesses, through a 2-year partnership with Transak, and the integration of Transak’s payment gateway.
To be eligible for the program, partners must have their KYB (Know Your Business) application approved by Transak’s compliance team.
Partners must sign Transak’s Partner Agreement, along with a 2-year exclusivity contract.
The 2-year exclusivity contract would restrict the Partner from utilizing or integrating any payment gateway, other than Transak, for two years, from the time of the contract being signed.
On breach of exclusivity, the partner will owe to Transak 1% of the USD equivalent of all volume done with alternative services to Transak during the term of the contract
Partners must integrate Transak’s payment widget into their website or mobile application.
Each participant in the program is eligible for up to $10,000 in fee subsidies, which as of December 2022, can support free transactions of up-to $300,000
This subsidy will cover the cost of any and all fees associated with a financial transaction made through the integrated Transak widget, up to $10,000.
The funds used to subsidize the fees will be used to cover the cost of fees directly, and will not be paid or issued to the Partners.
Once the $10,000 subsidy has been exhausted, Partners will revert back to Transak’s standard fee structure (full list of fees shown here).
If an otherwise different fee structure has been agreed upon, Partner will revert back to agreed upon fee structure once the $10,000 subsidy has been exhausted.
Participants are welcome to charge fees on top of transactions to earn extra revenue for their company. Transak will pay out these fees monthly to you