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Paying your affiliates is
simple. At the end of each month or whenever your
payment period ends, you simply run the tool called "Pay
Affiliates/Compile Commissions".
This tool will indicate the
earliest unpaid commission. Typically you will set your
start date prior to the earliest unpaid commission. You
have the option to pay all Affiliate Types, specific Affiliate
Types, All Affiliates, or specific Affiliates. A minimum
payout amount can be set or you can use the value that was
defined for each Affiliate Type.
When the tool is run, Affiliate
Wiz will create a payment history record for each affiliate
that met the minimum payout amount. For those that met
the minimum their commissions are marked as paid.
Once the
commission have been marked as paid, you now have several
options to pay them. You can:
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Pay your affiliates
using the PayPal Mass Pay Tool.
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Or, you can export
the database to a QuickBooks format, import into QuickBooks
and print checks.
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Or, you can export
the database to Quicken and print checks through Quicken.
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Or, you can export
the data to Excel and then write checks.
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Export the data and pay
by Bank/Wire Transfer for those affiliates who have a
payment type of Bank/Wire Transfer.
Send Email
Sales Notification to Affiliates.
Once commissions
have been compiled, you can email the earnings summaries to
your affiliates to notify them of their commissions and
forthcoming payment.
Don't forget to
pay your affiliates! Affiliate Wiz will not let you
forget to pay your affiliates. Affiliate Wiz will send
you a reminder up to twice per month on the days of your
choice. This feature is enabled in the Affiliate Wiz
administration preferences area.
Save money by
setting a minimum payout amount. Cutting checks can
be an expensive proposition, especially for small
amounts. Affiliate Wiz allows you to define a minimum
payout amount. Only affiliates earning more than the
minimum payout will be paid. For example, you might
decide to only pay affiliates when their commissions reaches
$50. Affiliates earning less than $50 will not be paid
yet their commissions continue to accumulate until the
threshold is met.
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