[Tech] ReapPay reserve policy

Hello! everyone! It’s a ReapChain!

Today’s topic is the ReapPay reserve policy.

The reserve budget for ReapPay is financed from the amount allocated for marketing expenses out of the total financing sold through ReapChain’s pre-sale, ICO, and IEO at the beginning of the service. This is because we want to cover commission revenue and advertising revenue.

① Consumer Basic Reserve Policy

- Accumulation according to the payment amount

- Referral earning

- Earn merchant evaluation

- Earn by writing product reviews and purchase reviews

② Additional reserve policy according to the user leveling system

- Applicable only to ReapPick member subscribers and merchants.

- The purpose is to improve the reliability of the platform and revitalize the community by building a self-leveling system that classifies users’ ratings by utilizing various evaluation indicators for merchants and consumers and differentially applying for the benefits according to the rating

Operational standard: The grade is updated monthly or quarterly so that the benefits can be returned to as many people as possible.

(However, detailed evaluation items are subject to change depending on the operator's circumstances.)

< Picture21. Classification according to user leveling system >

- Merchant benefits: discount on payment fees according to grade, discount on advertising costs, etc.

- Consumer benefits: support for additional points according to grade, etc.

③ Payment scope and examples according to the reserve policy

- The following contents are subject to change depending on the operator's circumstances.

< Table3. Basic payment scope >

< Table4. The additional discount range according to grade >

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