Merchant Rewards

Explanation: The terms used herein are for the purposes to define Merchant payments. ICONCOIN is the stock allocated to all VIPs by the GMS Exchange. 

Merchant Rewards:  The Merchant Cash Reward (MCR) the VIP Merchant has earned on all VIPs introduced, can be applied to pay up your ICONCOIN allocation, to upgrade your VIP or if requested, paid to the Merchants preferred bank account (minimum withdrawal is USD300).  Approved payments are transacted over a 30-day cycle following the date of submission.

Taxation:  All rewards are deemed inclusive of any taxes and any disclosure of rewards paid to your VIP is entirely your responsibility, if any, within the jurisdiction of your residency status.

Merchants receive Merchant Cash Rewards (MCR) according to the VIP type their introduction purchases. The cash reward value is currently based upon 20% of any VIP Licence cost making the earnings highly valuable for active Merchants.

Merchant Cash Reward structure as follows:  VIP Type1 USD1,000, VIP Type2 USD2000,VIP Type3 USD3,000, VIP Type4 USD4,000, VIP Type5 USD5,000.

Reward payment process clarified:  When you have chosen to become a Merchant and you introduce a new buyer, the original VIP the buyer purchases (value thereof) is what determines the commission reward paid. If that introduction upgrades, then there are no further commission rewards paid to a standard Merchant.

If you want maximum rewards, click here to see the lucrative GMS Specialist Broker reward entitlements. 

GMS reserve the right to review, cease, renew or change all and any Merchant Reward systems as is deemed necessary, without giving notice.