Overview
Cedar offers rewards for successful referrals at different stages of the process. These rewards are designed to incentivize both you and the referred merchant as milestones are met.
Rewards Breakdown:
KYB Approval
Reward: When your referred merchant successfully passes the Know Your Business (KYB) process, you both earn USD.
This milestone is the first step to getting your referral fully onboarded and ready to transact on Cedar.
First Transaction
Reward: Once the referred merchant completes their first transaction over $10,000 USD, you both earn USD.
This reward is granted when the merchant makes their first significant transaction after onboarding.
Cumulative Transfers
Reward: When the total transfer volume of your referred merchant reaches a specific threshold within 3 months, you earn USD.
This milestone encourages ongoing activity and engagement on the platform.
Summary
Rewards are earned at various stages—KYB approval, first transaction, and cumulative transfers. Each stage offers an opportunity for both you and your referral to benefit. By helping your referral reach these milestones, you both earn rewards along the way.
For more information or assistance, feel free to contact support@cedar.money.