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  • 16.09.2024

Setting up the billing system

Instructions for setting up a billing system and an affiliate program on the platform COPYTRADER.PW

In this article, we will take a detailed look at the process of setting up a billing system and an affiliate program on the CopyTrader platform. This process includes several stages, each of which we will analyze step by step. 

1. Billing Settings

Step 1: Log in to the website and open the project

To get started, go to the Copy Trader website and open your project by selecting the "My Projects" option. Check the box next to "Billing" to activate the corresponding section and settings.

Step 2: Checking the appearance of the billing section

After checking the box, the "Billing" and "Billing Settings" section should appear on the page. If you dont see this section, refresh the page.

Step 3: Download the instructions

In the Billing Settings section, you can download detailed instructions that will help you set up the payment system and other important parameters.

2. Setting up billing parameters

Step 1: Select the calculation period

The first thing to set up is the billing period, that is, how often you will charge the customer. The platform provides several options: biweekly, once a month, every week and others. Choose the one that best suits your project. The most popular choice is the calculation every two weeks.

Step 2: Setting up auto-disconnection in case of non-payment

It is important to provide an option when the customer may delay payment. In case of arrears, the system will automatically disable the client from copying until the moment of payment. After payment, the system will resume its work.

Step 3: Setting up the starting balance and the test period

(Get additional information and add it)

3. Setting up the connection of payment systems

Step 1: Registration in the payment system

If you have not previously registered with the payment system, this must be done at the first stage. Select the appropriate system, enter the necessary data and connect it to your project on the CopyTrader platform 

4. Setting up an affiliate program

Step 1: Connecting Referral Partners

Suppose you are a trader and an administrator, you have investors who are already connected to your system. You can offer them the opportunity to attract new people and earn money from it. To do this, connect them as referral partners, after which they will be able to receive a percentage of attracted investors.

Step 2: Setting up the Referral bonus and levels

1. The referral bonus to the network is a percentage of the total profit that you share with your partners.
2. Number of levels — specify how many levels of referral partners will be counted in the system. For example, if the first level attracted the second, and the second attracted the third, then you can configure that the percentages are distributed between all three levels.
3. Part of the first referral — specify the percentage that the first level of the referral partner will receive. For example, 50%. The remaining 50% will be distributed among other levels.

Calculation example:

Suppose a user has earned $1000. According to the settings, the profit commission is 50%, that is, $500 will be transferred to the system. The $500 is distributed as follows:
- 50% (or $250) is paid to the trader.
- 10% (or $50) goes to the affiliate program. This money is divided between referrers: $25 for the first and $12.5 for the second and third levels.
- The administrator receives the remaining 40% (or $200). If only one referrer participates in the affiliate program, the administrator will also receive the remaining $25.

If the option "Trader bonus balances" is enabled, then the administrator does not participate in the distribution, and all commissions go to the trader.

5. Trader Commission Settings

Step 1: Setting up the amount of the profit commission

This is one of the most important values in the trader settings section. The amount of the commission determines the percentage that the user must pay to the system from the profit received. For example, if a user subscribes to a trader with a 50% commission, then 50% of his profit will be transferred to the system.

Step 2: Commission Allocation

The collected commission is distributed as follows:
- 50% to the trader.
- 10% — for the affiliate program.
- 40% to the administrator.

Step 3: Setting up a fixed fee

A fixed fee is an amount that is charged to the user on a monthly basis, for example, 30 USDT/month. The write—off takes place daily, in our example - 1 USDT per day.

Fixed commission and profit commission can work simultaneously or separately, depending on the settings.

Conclusion

Setting up a billing and affiliate program on the Copy Trader platform is an important process that requires care and understanding of all aspects. Following these instructions, you will be able to optimize the operation of your system and establish effective interaction with customers and partners.