For Ninjas
This highly depends on your referral activity and motivation. Of course, the more potential customers you convince to sign up with us, the higher your chances for payouts are. Also, the higher sales volumes those potential customers have, the higher your payout will be. We have three customer categories depending on yearly total card sales volume (credit, debit and giropay cards combined):
>250.000EUR (100EUR reward)
>750.000EUR (300EUR reward)
>2.500.000EUR (1.000EUR reward)
2. How much can my friend save on credit card fees?
Up to 50%! We guarantee that our payment service providers will be making an offer that is lower than the current conditions of your retailer friend. For sure. Every time.
No, recommending friends or helping to start a business relationship is not illegal. On the contrary, many companies use this method to gain new customers.
4. Do I have to pay taxes on my reward?
No, as long as you are not running the referral system as a business.
5. Is this a ponzi scheme or money laundering?
No, we simply collect recommendations and then offer better card transaction rates to retailers. There is no pyramid where more and more levels continue to recommend and share in potential rewards. We only work with licensed banks and transfer funds exclusively digitally through the European banking system via IBAN. If you are offered cash from dubious sources, please inform us immediately at info@transactionfeeninjas.com.
We earn commissions from successful contracts. We share a part of this with you as the original contact person.
7. How do I convince a retailer to join?
You should always act honestly and transparently! It’s important to us that everyone knows what’s going on and that it’s a win-win-win situation: The customer (the retailer) saves a lot on card fees, we earn a commission, and you get a reward.
No. However, we work with the largest German banks, allowing us to offer and forward top conditions.
9. When and how do I receive my reward?
After the retailer contacts us, we will make them a non-binding offer for new card transaction fees. If they accept and sign a contract with us, you are entitled to receive the reward. You will receive a confirmation email at this point and the money will be in your account with the IBAN you provided during registration within a week at the latest. If these conditions are met and you still haven’t received your reward, please contact info@transactionfeeninjas.com.
10. Can I share my referral code?
It’s not forbidden, but please note that we only pay the reward once and only to the person who created the code.
For retailers
1. What’s in it for me? How much can I save?
Up to 50% lesser credit card fees. We guarantee that our payment service provider will make you an offer that is lower than your current conditions. Of course it depends on the contract you are on, the company that provides the service and the transaction volume of each card type. But in general, our experience shows that savings of 30-50% are very likely.
2. How quickly do I receive my money?
Typically, you get your money from girocard payments the next day in your account. Depending on the bank, it can take an extra day, but that is rare. Credit card payments take longer – depending on the card type, one day more or up to a week.
3. What do I need to do to benefit from the special conditions?
– Your annual card turnover in your business amounts to at least 250,000 EUR (total of all types of cards: credit, debit and giropay).
– You send us a current transaction statement from your previous provider (e.g., from the last month).
– We calculate and negotiate individual special conditions with the bank and then send a non-binding offer to the email address you provided.
4. Do I have to replace my entire cash register?
No, only the card reader terminals (POS) are replaced. Integration with your existing cash register system is ensured by our bank partner.
5. Who can help me with the setup?
Our bank partner will assist you with the setup and connection to any other systems. They also provide service and maintenance of the devices and offer a 24/7 hotline for emergencies.
6. What do I do with my old equipment or contract?
We handle the settlement of your old contract. Depending on your previous contract, you can either set aside the old devices for a while or return them directly.
7. Do I have to change my bank? I’d like to stay with my current bank!
No, that’s not necessary. Only the card reading devices are changed, and you can specify which IBAN your sales should be deposited to when signing the contract.
8. What else do I need to provide?
– ID card
– Business registration
– Creditor ID (if already available; if not we will apply for one for you)
– VAT ID
9. How long does it take to get the new card readers operational?
You will receive new card readers from us within 1 workweek and the installation only takes about 10 minutes. If you need onsite support, we can arrange that but most of our customers are able to connect them themselves with our explanations.
10. I currently do not offer card payments in my store, is that a problem?
Not fundamentally, but your annual turnover should then be well above the threshold of 250,000 EUR so that we can assume a significant portion of that will be processed via cards in the future. Our bank partner will help you with the new setup, so you will have little to no effort on your part.