Kevron Referral Partner Programme
Referral Payout Policy
This Policy explains when approved Referral Partner commission may become eligible for payout, how payout accounts are verified and how transfers, fees, tax deductions, failures and reconciliation are handled.
1. Payout Eligibility Requirements
To qualify for a bank transfer payout, Referral Partners must satisfy the following conditions:
- Maintain an Active profile status (restricted or suspended accounts are locked).
- Complete identity and bank account name verification checks.
- Accept the latest version of the Referral Programme Terms and Conditions.
- Have no active compliance, security, or fraud holds on the account.
2. Bank Account Verification
Bank details are verified using instant resolution lookups. The bank account holder name must match the partner profile name or registered business name. Any naming mismatches require manual compliance review.
3. Minimum Threshold & Transaction Fees
Payouts are triggered only when available earnings reach the minimum balance:
- Minimum Threshold: ₦50,000.00 NGN.
- Standard Fee: ₦100.00 NGN is deducted per transfer.
4. Account Modification Cooling-Off
To protect partner funds from unauthorized hijackings, updating bank details triggers an immediate **72-hour cooling-off lock** on all outgoing payout transfers.
5. Tax Withholding
Payouts are subject to local withholding tax (WHT) of 5%. Tax deductions are calculated and displayed separately from standard processing fees.
6. Reconciliation and Webhooks
All transfers are verified through digital signature checked webhooks and verified status endpoints. Reversing ledger entries are logged automatically if a bank transfer fails.