Welcome to the Invoices & Payments settings page! This crucial section allows you to configure how and when your affiliate partners will be paid. Whether you're new to affiliate marketing or looking to optimise your existing program, this guide will walk you through each element of the page and explain how to use it effectively.

At the top of the page, you'll see invoicing frequency settings:
This section allows you to set how often your partners will invoice you for their earnings.

Options:

a) Weekly: Partners will submit invoices every week.
b) Monthly: Partners will submit invoices once a month.

If you select "Monthly," you can further specify:

• Last day of the month
• Specified day (allows you to choose a particular day of the month)

Why This Matters:

• Consistent cash flow management for both you and your partners.
• Aligns with your business accounting cycles.

Payment Threshold: This feature allows you to set a minimum amount that partners must earn before they can receive a payment.
How to Set:

• Enter the desired amount in the field provided (in this case, in GBP £).

Why This Matters:

• Helps reduce processing fees for very small payments.
• Encourages partners to actively promote your products/services to reach the threshold.

How to Use These Settings:

1. Consider Your Cash Flow: Choose an invoicing frequency that aligns with your business's cash flow and accounting practices.
2. Partner Preferences: Some partners may prefer more frequent payments (weekly), while others might be fine with monthly. Consider surveying your top partners for their preferences.
3. Setting the Threshold: Balance between encouraging active promotion (lower threshold) and minimizing transaction costs (higher threshold). A common practice is to set it between £50-£100, but this can vary based on your program and average commission sizes.
4. Save Your Changes: After making any adjustments, don't forget to click the "Save changes" button for each section.

Best Practices:

1. Communicate Changes: If you modify these settings, especially the payment threshold, clearly communicate the changes to your partners.
2. Regular Review: Revisit these settings periodically to ensure they still align with your business goals and partner needs.
3. Consider Seasonality: If your business has seasonal peaks, you might adjust the invoicing frequency or threshold accordingly.

In conclusion, properly configuring your Invoices & Payments settings is crucial for maintaining a smooth, efficient affiliate program. These settings help manage your cash flow while ensuring your partners are paid in a timely manner. If you have any questions about these settings or need assistance, don't hesitate to reach out to our support team. We're here to help you optimise your affiliate program for success!