What you can earn
We are not going to publish an average, because we have not paid one yet. This is a new programme and you would be among the first partners in it, so an average would be a number made up of nobody. What we can publish is the contract. The rates below are the ones in the agreement you sign, and the calculator applies them to a book you choose the size of.
WORK IT OUT YOURSELF
What a book of customers actually pays
We are not going to tell you what you will earn. That depends on how many customers you sign. What we can do is show you the contract doing its arithmetic, so move the slider.
Nobody has built a book here yet, so this number is your estimate rather than ours. Pick what you would back yourself to sign in a year.
What they pay us each month
Most firms land on Core. Solo is not in the sum because the agreement pays no commission on it.
Your book
£2,580 a month
Which puts you in the Established band.
Once every customer is past their first year
£323 a month
£3,870 a year, for as long as they stay, at 12.5%.
While a customer is in their first three months
£1,935 a month
75% for the first three months, 30% for the rest of the first year, then the rate above.
What this sum leaves out
VAT (you charge it or you don't, and either way it is neutral to you) and the 50% share of any implementation fee. It also assumes nobody leaves. Churn reduces this figure without you doing anything wrong, and that is the honest downside of being paid recurring rather than one-off.
For your first 120 days after accreditation you are paid at no less than the Established band whatever your book says, so an early customer is not paid at the bottom rate.
The bands, in full
| Band | Your book | Months 1–3 | Months 4–12 | Month 13+ |
|---|---|---|---|---|
| Starter | £0 – £2,000 a month | 75% | 25% | 10% |
| Established | £2,000 – £5,000 a month | 75% | 30% | 12.5% |
| Senior | £5,000 – £10,000 a month | 80% | 35% | 15% |
| Principal | over £10,000 a month | 80% | 40% | 17.5% |
Paid on the 10th of every month by bank transfer, with a self-billed statement itemising every customer. How commission works in full
Read the second number, not the first
Commission tapers. A customer pays you the most in their first three months, less for the rest of their first year, and settles to a long-run rate from month thirteen. In the Established band that is 75% of what they pay us, then 30%, then 12.5% for as long as they stay. Put a plan into the calculator above and it will do the pounds.
A commission-only role that advertises the first figure is advertising the one that disappears. We show both because a partner who joins expecting the launch rate leaves within the year, and that costs everybody more than not recruiting them.
The long-run rate is the one that builds an income. Thirty customers each paying you a settled monthly share is money that arrives whether or not you sold anything in December, and it grows every month you add to it. That is the actual proposition here, and it takes about a year to become real.
Why the band matters more than it looks
Your rate is set by your whole book, not by each sale. Move from Established to Senior and every customer you already have starts paying you more. The raise applies across the book, not just to the next one.
That is why the bands are worth more attention than the headline percentages. The gap between Starter and Principal on the long-run rate is 10% against 17.5%: the same customers, paying you three-quarters again as much, because there are more of them.
The band is re-checked every month rather than annually, so a good month moves you up straight away. It moves down too if the book shrinks, from the month after the one it fell in, as the agreement sets out.
The floor for your first four months
For 120 days after you are accredited you are paid at no less than the Established band, whatever the book says. The alternative punishes you for being new: your first customer would otherwise be paid at the bottom rate for no reason other than being your first.
It is not a draw and it is not an advance. It is a rate floor, so if you sign nothing you are still paid nothing.
What is not in the sum
Implementation fees, which are shared with you at 50% and are one-off rather than recurring.
The separate, lower rate for a single large customer. One big account is easier to hold than five small ones, and the rate reflects it. The threshold and the rates are in Schedule 1.
Churn. The calculator assumes nobody leaves, which nobody sensible believes. Losing a customer reduces your income without you having done anything wrong, and that is the honest cost of being paid recurring rather than one-off.
Questions people ask
- Is there a cap?
- No. The top band is open-ended and you keep earning from every customer who stays.
- Do I get paid for a customer who signs and then leaves in month two?
- You keep what was already paid to you, unless they never paid us at all (a card that failed on the first invoice, for example). That case is set out in the agreement as a recovery, and it is netted off a later payment rather than invoiced to you.
- What happens to my income if I stop selling?
- It carries on, and it slowly shrinks. Your existing customers keep paying you every month for as long as they stay, but the book is not static. People close, merge and switch, so a book nobody adds to declines. Stop selling entirely and you still earn from what you built, for as long as those customers stay with us.
- Can I see the rates before I apply?
- They are on this page, and the full Schedule 1 comes with your application reply before you sell anything. Nobody is asked to sign before they have read what they are paid.
Ready to apply?
Five short steps, and the recorded questions are in the same sitting, so you can be finished today rather than waiting on a diary invite.
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