How Do Genuine Refer and Earn Apps Differ from Fraudulent Ones?

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What is a refer and earn business? In this kind of business, you need to spread the word about a certain product that is being marketed by a company or organisation. You need to educate people about the features and benefits of the product. Once someone approaches you to buy the product, you need to help the person with the purchase. As a result, you can get a percentage of the sale as a commission.

It’s crucial to join a refer and earn app that is trustworthy. Otherwise, the company could demand money from you, misuse your details like your bank account details or not give you the commission and rewards that they promise in the beginning.

To discern whether a refer and earn app is genuine, consider certain factors. Here’s a look.

The App Must Belong to a Trusted Organisation

This is indispensable. The referral app should be associated with a reliable organisation or company. The best way to determine that is to look up the name of the company on Google and learn about them.

The IDFC FIRST Bank MyFIRST Partner App is a highly popular and genuine refer and earn app. It is launched by the renowned bank IDFC FIRST Bank, so you can trust their referral program.

No Investment Should Be Needed

An organisation that runs a genuine referral program doesn’t ask for any monetary investment from you to enrol for the program. For instance, you don’t need to pay any money to register yourself on the IDFC FIRST Bank MyFIRST Partner App.

The Work Process Should Be Transparent

This is another sign of a trustworthy refer and earn app. All the steps involved in a genuine referral program are transparent and simple to understand.

The IDFC FIRST Bank MyFIRST Partner Program, for example, involves easily understandable steps. You have to market the personal loan offered by IDFC FIRST Bank. When a borrower wishes to take the loan through your referral, you need to upload his/her personal details and basic documents (identity proof and residence proof) on the IDFC FIRST Bank MyFIRST Partner App.

To register on the app, you just need to upload your picture and bank account details. Once you get an OTP and verify it, you will be registered.

The Commission Percentage Must Be Mentioned

If the commission percentage is not mentioned, it means that the company is not promising the same. Consider a high-paying referral app like the IDFC FIRST Bank MyFIRST Partner App. On it, you can get 1.5% of the loan amount sanctioned under your referral. Thus, you get paid for referrals and can earn over ₹50,000 monthly.

Other Benefits Are Often Available

A genuine referral program also comes with real rewards. You can win cash prizes and electronic gadgets for instance if you perform brilliantly in the personal loan affiliate program of IDFC FIRST Bank.

You only need to be an 18+ Indian citizen with an active bank account in India to qualify for using the IDFC FIRST Bank MyFIRST Partner App. If you meet these criteria, consider joining the referral program to earn from the comfort of your home and do business with a trusted bank.