version 3 and higher now supports tracking recurring
commissions. You can now pay your affiliates each
time you collect money from a customer the affiliate sent
you. For example, if you collect monthly membership
fees, subscription fees, hosting fees, etc. you can now reward
your affiliates each month for the money you collect.
How does it
work? You enter the recurring sale into Affiliate
Wiz. You define how frequent and how many times the
recurring commission will be credited to the affiliate.
For example, if a customer signs up for a 1 year subscription
charged at $49 per month, you can credit the affiliate each
month for this sale. If the affiliates commission rate
is 10%, they will be credited $4.90 each month for the annual
subscription. Once entered, Affiliate Wiz automatically
credits the affiliate each every month!