Hi everyone,
I wanted to cover the topic of commissions today. Everyone heard that we were paying commissions every single week for pure leverage which is true. However, because we are doing transactions over the Internet and we are not requiring a signature for a sale our merchant providers require us to pay commissions only after our refund policy of 30 days expires.
In other words, a lot of people felt that if they made a sale today, and we were paying commissions weekly, then they would get paid on that sale next week. We could easily do that if we were getting signatures on credit cards but we are not.
Because of our 30 day refund policy, and because we are not getting signatures on credit cards, we need to have a three week to a one-month lag time to detect fraud and to let our 30 day refund policy expire.
As an example, commissions generated between March 1 and March 8 were paid early last week. Commissions generated between March 9 and March 15 will be paid on Monday, April 8.
So yes, we are paying pure leverage commissions weekly after the initial lag time to satisfy our merchant providers, to detect potential fraud, and to allow our 30 day refund policy to expire.
As always, if you have any questions on commissions or the Ferrari giveaway contest please post them here on the blog.
You're doing an amazing job, keep up the amazing work as April will be better than March!
--Joel Therien
Founder and CEO
GVO | PureLeverage.com