How You Get Paid
MiVeda’s Rewards Plan "currency" is country specific. This allows Members around the world to be paid in their respective currency even though purchases may have been made in a different country.
There could be circumstances where a Member has team-members who live in a different country (eg India) and who consequently purchase products there. To cater for this, MiVeda provides "seamless" commissions to Members around the world via MiVeda’s own special international "currency conversion" or Credit Value points.
By using Credit Value points (CV), MiVeda can determine the value (percentage) of payments that a Member will be paid in the relevant currency of a particular country. CV totals (of monthly sales) qualify a Member at the appropriate level. We think the CV ratio is the highest in the industry (eg: in Australia, 1 Dollar = 1 CV in most cases).
A list of the CV for each product can be found in your Member's Area when you order products. These levels are set very generously to make it as easy as possible for each Member to qualify at the highest possible level.
The table for “seamless” payments is shown below. The payment ratio is 1 to 1 (in other words, percentages are paid on the total amount of purchase price of each product in most instances - excluding taxes).
MiVeda Rewards Plan Details
|
Member Status |
Bronze |
Silver |
Gold |
Emerald |
Diamond |
Executive Diamond |
Super Diamond |
|
|
Number of Teams or Legs required |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
|
Minimum Team or Leg Volume Per Month (CV*) |
|
500 |
600 |
700 |
1,500 |
1,500 |
2,000 |
|
|
Minimum Organisation (Total Group) Volume per Month (CV*) |
|
1,200 |
3,500 |
5,000 |
40,000 |
60,000 |
100,000 |
|
UniLevel BonusesPayment Levels (under the respective Member) - payment is the percentage shown of the total sales at each level |
||||||||
|
Level 1 |
12% |
12% |
12% |
12% |
12% |
12% |
12% |
|
|
Level 2 |
6% |
6% |
6% |
6% |
6% |
6% |
6% |
|
|
Level 3 |
|
4% |
4% |
4% |
4% |
4% |
4% |
|
|
Level 4 |
|
|
3% |
3% |
3% |
3% |
3% |
|
|
Level 5 |
|
|
|
5% |
5% |
5% |
5% |
|
|
Level 6 |
|
|
|
|
7% |
7% |
7% |
|
|
|
|
|
Yes |
Yes |
Yes |
Yes |
||
Pooled Bonuses |
||||||||
|
Emerald Bonus |
|
|
|
1% |
1% |
1% |
1% |
|
|
Diamond Bonus |
|
|
|
|
1% |
1% |
1% |
|
|
Executive Diamond Bonus |
|
|
|
|
|
2% |
2% |
|
|
Super Diamond Bonus *** |
|
|
|
|
|
|
3% |
|
|
Retail Bonus Pool ** |
3% |
3% |
3% |
3% |
3% |
3% |
3% |
|
|
Leaders Online Retail Bonus **** |
|
|
|
15% |
15% |
15% |
15% |
|
|
Training Bonus (1%) ***** |
|
|
|
|
|
|
||
* Payment CV to dollar Ratio is 1 CV = $1
** Shared between all Members who have a personal and Discount Customer volume of more than $3,000 per month (limited to $1,000 per month for each Membership)
*** Split into a 1% automatic bonus and a 2% discretionary bonus (see Pooled Bonus Explanation)
**** Shared equally between all Leaders (Emerald and above). The pool will be 15% of the RRP paid by online customers (who are not Members or allocated Discount Customers)
***** This bonus is allocated for Leadership Training expenses. This may be on-shore or off-shore training and may also form part of an incentive trip program
NOTE: All purchases by Discount Customers (ie customers given a discount code by a respective Member) will generate a Member payment equivalent to a Level 1 UniLevel payment – even though the Discount Customer is not a registered Member
Charities and Education: MiVeda will work to assist charities and educational facilities to raise funds to continue their valuable work in the community.
Download a copy of The MiVeda Rewards Plan
