Rewards Plus IC Agreement
For your convenience, this section is meant as a general overview of the duties and responsibilities of the Representative.
As a sales’ executive for Get PEYD , your primary tasks are building clientele through phone calls, calling on existing customers within an assigned territory to build relationships, conducting research to ﬁnd potential new clients, and in general, developing new business opportunities for Get PEYD .
Sales executives must have outstanding customer service skills, possess self-conﬁdence, be able to communicate and establish customer relationships with all types of consumers and work well within a ﬂexible environment to set sales goals, track progress and communicate with the Get PEYD management team.
While PEYD will attempt from time to time to provide sales representatives with opportunities for success including lead generation and marketing support, the duties of a commissioned salesperson usually include some level of prospecting. As a sales executive for Get PEYD, you will need to call on potential clients and develop a base from which you can ﬁnd new business. Your duties may include joining various membership organizations to position yourself and your company among community leaders who can funnel business your way. You may need to knock on doors or make telephone calls to ﬁnd new business or solicit and purchase sales leads as necessary.
As a sales executive for Get PEYD you will need to develop extensive knowledge about PEYD ’s services and the products you're selling to make eﬀective presentations. Your duties may include one-on-one presentations or you may be required to present your oﬀerings to large groups of potential customers. Learning the features and beneﬁts of your product are integral to your ultimate success.
Get PEYD will at their discretion decide if they will dedicate resources toward developing custom presentations for the sales representative.
Any and all material prepared by the sales representative must be approved by Get PEYD before it may be used. Please submit all material for approval via email to info@PEYD360.com
To be successful as a PEYD sales executive, you must be able to portray enthusiasm about our products and services and employ eﬀective listening skills to close potential clients once they've been solicited for new business. Getting the client's agreement to make the purchase, also called closing the sale, is your primary duty in commission sales. Your pay is determined by the sales opportunities you initiate and close, and the actual purchasing of PEYD’s services and or PEYD’s third-party services.
It is not uncommon for non-monetary sales incentives to be made available to salespeople. For example, a daily, weekly or monthly incentive may be available for selling a certain number of units or a certain dollar amount. This can be anything from gift cards for local establishments to ﬂat-screen TVs to free products and services that the company sells. While not cash commission, such incentives do carry varying monetary value and will be made available based on an individual basis.
THIS AGREEMENT ("AGREEMENT") IS MADE AND EFFECTIVE ON March 26, 2023, BY AND BETWEEN GET PEYD LLC, HAVING ITS PRINCIPAL OFFICE AT 600 BAYVIEW AVENUE, INWOOD, NY 11096 (HEREIN CALLED THE “COMPANY”) AND (HEREIN CALLED THE "REPRESENTATIVE"), RESIDING AT . COMPANY DESIRES TO APPOINT REPRESENTATIVE, AND REPRESENTATIVE DESIRES TO ACCEPT APPOINTMENT, AS A SALES REPRESENTATIVE OF COMPANY TO SELL COMPANY'S PRODUCTS AND SERVICES AS SET FORTH HEREIN.
WHEREAS, SALES REPRESENTATIVE DESIRES TO SELL THE COMPANY’S SERVICES IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THIS AGREEMENT.
AND WHEREAS, THE COMPANY IS IN THE BUSINESS OF PROVIDING CERTAIN THIRD PARTY PAYMENT CARD AND OTHER RELATED CONSULTING SERVICES;
WHEREAS, THE COMPANY OFFERS THIRD PARTY PAYMENT CARD NETWORK AND VARIOUS RELATED FINANCIAL SERVICES PRODUCTS;
WHEREAS, THE PARTIES DESIRE TO ENTER INTO AN AGREEMENT PURSUANT TO WHICH REPRESENTATIVE WILL REFER POTENTIAL CUSTOMERS TO THE COMPANY AND THE COMPANY WILL PAY A REFERRAL FEE TO REPRESENTATIVE.
NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL PROMISES CONTAINED HEREIN, THE PARTIES AGREE AS FOLLOWS:
Sales representatives earn commissions and will be compensated as per section 8 of this agreement for their sales eﬀorts that generate contracts to Get PEYD as pertains to the sale of Company’s products and services, as follows:
The sales representatives shall receive a basic commission as follows:
In the event the provider issues a one-time payment, the representative will receive a one-time commission that will equal no less than 25% of the payout to the company.
Monthly Charge Volume
One-time Company Commission
Representative Commission Amount
In the event the provider issues a recurring payout, the representative will receive recurring commission that will equal no less than 5 basis points (BPS) of the monthly charge volume.
Monthly - Ongoing
In the event the client's spend is not eligible for the standard rebate, payouts will be determined on a case by case basis, but will equal no less than 25% of the payout to the company.
Adjusted Company Commission
80 Basis Points
No less than 25%
Commission will be paid for all customer direct sales, professional sales and retail sales solicited by the sales representative provided the sales representative is in compliance with the terms set forth in this agreement.
IN WITNESS WHEREOF, the Parties have executed this Joint Marketing Agreement as of the date ﬁrst written above.
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Signed by Pinchas Ackerman
Signed On: January 4, 2021
If you have questions about the contents of this document, you can email the document owner.
Document Name: Rewards Plus IC Agreement
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