Affiliate Program Terms of Service

Effective date: May 15th, 2019

Thank you for registering as a member of the Paxful Affiliate Program. The information that you provided to Paxful as part of the registration process will be stored and handled by Paxful in accordance with the European Union’s General Data Protection Regulation (“GDPR”). Paxful’s GDPR-compliant Privacy Notice was accepted by you as part of the Affiliate registration process.

By continuing to use the Paxful website (whether as an Affiliate or otherwise), you will be deemed to have agreed to and accepted the Privacy Notice, including as it may from time to time hereafter be amended, supplemented, or otherwise altered. The current version of our Privacy Notice can be accessed from the homepage of this site or by clicking this link: https://paxful.com/privacy

The following are the Terms and Conditions applicable to the Affiliate Program. Paxful reserves the right (in its sole and absolute discretion and without prior notice) to: (a) change any or all of these Terms and Conditions, at any time and from time to time, including (but not limited to) by changing the commission payout percentages described below, (b) suspend or cancel the Affiliate Program, and/or (c) suspend or permanently deactivate your Affiliate and Paxful account if you engage in certain conduct as described below.

As an Affiliate, you have the opportunity introduce third parties to the Paxful Bitcoin Marketplace and to earn commissions based on their BTC trades made on our platform. Paxful pays all Affiliate commissions solely in BTC.

The Affiliate Program is structured as a two-tier program applicable to first time third party users only:

  • Tier 1 Referral
    A Tier 1 Referral is a third party that registers to use the Paxful Bitcoin Marketplace using the unique registration link that Paxful provided to you when you registered with the Affiliate Program.
  • Tier 2 Referral
    A Tier 2 Referral is a third party that registers to use the Paxful Bitcoin Marketplace using the unique registration link that Paxful will have provided to a Tier 1 Referral of yours.

Commissions payable.

You will earn a commission from Paxful each time a Tier 1 Referral or Tier 2 Referral of yours completes a BTC trade using Paxful.

As you know, Paxful charges an Escrow Fee in connection with each trade completed on its platform. The Escrow Fee is subject to change by Paxful at any time and from time to time. You can find an explanation of the Escrow Fee and its current amount by clicking this link: 
https://paxful.com/support/en-us/articles/360013609793-Paxful-fees

  • When a Tier 1 Referral successfully completes a BTC trade using Paxful, Paxful will credit your Affiliate Wallet with a sum (in BTC) equal to 50% of the then-effective Escrow Fee.
  • When a Tier 2 Referral successfully completes a BTC trade using Paxful, Paxful will credit your Affiliate Wallet with a sum (in BTC) equal to 10% of the then-effective Escrow Fee.
  • However, if a Tier 1 Affiliate of yours effectuates a BTC trade with a Tier 1 Affiliate of another member of the Affiliate Program, then each of you and that other member will equally split the 50% commission.
  • Similarly, if a Tier 2 Affiliate of yours effectuates a BTC trade with a Tier 2 Affiliate of another member of the Affiliate Program, then each of you and that other member will equally split the 10% commission.
  • Anytime you are buying from or selling to one of your Tier 1 Affiliate or Tier 2 Affiliate you will not earn any commission.

Your commission earned in connection with any such trade will typically be credited to your Affiliate Wallet promptly upon such trade’s successful completion. Every time such a trade is completed successfully, Paxful will send you a confirmation email. In this way, you can watch your Affiliate Wallet balance grow within your Paxful dashboard.

Withdrawing Your Commissions.

Whenever the balance in your Affiliate Wallet reaches at least US$10 (in then-value of BTC), you will be able to transfer the entire balance to your Paxful BTC Wallet. Once the balance of your Affiliate Wallet reaches a total lifetime value of $300, you will be required to submit identity and address verification. Once you have done this, you are free to do whatever you like with your earnings. In providing us with this or any other information that may be required, you confirm that all of the information is true, accurate and not misleading. You agree to promptly keep us updated if any of the information you provide changes. You authorize us to make inquiries, whether directly or through third parties, that we consider necessary to verify your identity or protect you and/or us against fraud or other financial crime, and to take action we deem necessary based on the results of such inquiries. When we carry out these inquiries, you acknowledge and agree that your personal information may be disclosed to credit reference and fraud prevention or financial crime agencies and that these agencies may respond to our inquiries in full.

Pro Tip: We suggest selling your BTC earnings on our platform for additional profit.

Prohibited Actions

The following is a representative (but not exhaustive) list of the kinds of conduct and practices that could cause Paxful (as determined by Paxful its sole and absolute judgment) to (a) cancel or reclaim payment of your then-earned (whether withdrawn or not) Commissions, and/or (b) suspend or permanently deactivate your Affiliate and Paxful account(s).

  • Using spam to attract parties to the Paxful platform.
  • Engaging in illegal activities of any kind, whether or not related to your use of Paxful’s platform and services.
  • Creating additional accounts on the Paxful platform that benefit from the Paxful Affiliate Program in any form. You are only allowed to have one account and are not allowed to sell, borrow, share or otherwise make available your account or any detail necessary to access your account to people or entities other than yourself. Creating false information for your account, falsifying your country of origin or providing fraudulent identification documents is strictly prohibited.
  • Any breach or violation by you or your representatives of any of your obligations under these Terms and Conditions.
  • The use – in any form of advertising or other media or information of any kind which you originate or disseminate or otherwise control – the words “pax” or “paxful” or any other look-alike, sound-alike, or other words, marks, or designations that Paxful deems to be confusingly similar to its trademark PAXFUL.
  • Disparaging, libeling, or defaming (a) Paxful or any of its directors, officers, employees, contractors, agents, or representatives, or (b) users of the Paxful platform, including other members of the Affiliate Program.
  • Engaging in any activities that Paxful believes (in its sole and absolute judgement) could subject it to legal, regulatory, or prosecutorial scrutiny under the laws, rules, or regulations of any nation, multinational body (including the European Union), or other jurisdiction or governmental authority including, but not limited to illegal gambling, fraud, money laundering, or terrorist activities.
  • Engaging in illegal activities of any kind, whether or not related to your use of Paxful’s platform and services.
  • Provide false, inaccurate, or misleading information.
  • Provide false, inaccurate, or misleading identity and address verification.
  • Encourage or induce any third party to engage in any of the activities prohibited under this Section.

Intellectual Property Rights

Unless otherwise indicated by us, all intellectual property rights in the Website and in any content provided in connection with our services, are the property of Paxful or our licensors or suppliers and are protected by applicable intellectual property laws. We do not give any implied license for the use of the contents of the Website. You may not sell or modify the Website materials or reproduce, display, publicly perform, distribute or otherwise use the materials in any way for any public or commercial purpose. Your use of the materials on any other website or on a file-sharing or similar service for any purpose is prohibited.

You may not copy any material or content contained on the Website or accessible through the Website without our written permission. Any rights not expressly granted herein to use the materials contained on the Website are reserved by Paxful in full.

Limitation of Liability/Disclaimer

This site and the Affiliate Program are provided on an “as is” and “as available” basis for your information and use without any representation or endorsement. To the maximum extent permitted by applicable law, we make no warranties of any kind, whether express or implied, in relation to the site or the Affiliate Program, including but not limited to, implied warranties of satisfactory quality, functionality, fitness for a particular purpose, non-infringement, compatibility, security, accuracy, condition or completeness, or any implied warranty arising from course of dealing or usage or trade.

If and to the maximum extent permitted by applicable law, we will not be liable for:

  • 1. any economic losses (including without limitation loss of revenues, profits, contracts, business or anticipated savings);
  • 2. any loss of goodwill or reputation;
  • 3. any special or indirect or consequential losses, howsoever arising

Indemnity and Hold Harmless

You agree to hold harmless Paxful, Inc. (and each of our officers, directors, members, employees, agents and affiliates) from any claim, demand, action, damage, loss, cost or expense, including without limitation reasonable legal fees, arising out or relating to: your use of, or conduct in connection with, our Affiliate Program; or your violation of these Terms and Conditions. In addition, you agree to be fully responsible for (and fully indemnify us against) all claims, liability, damages, losses, costs and expenses, including legal fees, suffered by us and arising out of or related to any breach of the Terms and Conditions by you or any other liabilities incurred by us arising out of your use of the services and the Affiliate Program, or use by any other person accessing the services using your user account, device or internet access account; or your violation of any law or rights of any third party.

General

These Terms and Conditions and your use of the Website and Affiliate Program shall be governed by and construed in accordance with United States Law. Any dispute arising in connection with these Terms and Conditions or your use of the Website or Affiliate Program will be resolved exclusively in the courts of the United States. Nothing in these Terms and Conditions shall be deemed to affect your statutory rights under United States law. If any part of these Terms and Conditions is held by any court of United States to be invalid or unenforceable in whole or in part, the validity or enforceability of the other sections of these terms and conditions shall not be affected. Any headings contained in these Terms and Conditions are for informational purposes only and are not enforceable provisions of these Terms and Conditions.