Onramp Partner Program Terms of Service
Participation
To participate in the Onramp Partner Network (either as a person who invited others to use the Services (“Referrer”) or a person who participates in this program based on a Referrer’s invitation (“Referee”) agree and are subject to this Terms of Service and Privacy Notice.
To become a Referrer, the Client must have an active Account in good standing, have successfully completed KYC verification, Vault creation, and are up to date on all Account fees and charges. The Client must fill out an Onramp Partnership Program form that will grant them a unique link (“Referral Code”) link that can be shared with Referees. Referrers may only use Referral Codes for non-commercial personal, family, or friends.
Subject to these Terms, the Client may send their Referral Code to as many personal connections as they like. The Client and any Referred Customers who (1) use a unique Referral Code to schedule a consultation; (2) meet Onramp’s eligibility requirements for opening an Account; (3) are approved for an Account; and (4) make a U.S. dollar transfer to such Account, are eligible for the referral rewards described below, subject to this Agreement ("Qualified Referral").
Prospective clients invited to create an account with Onramp through a Referrer (referred to as "Referees") must be individuals who do not currently hold an account with Onramp, are not existing clients, and do not have any ownership interest held by the Referrer. Onramp retains the right to update the terms of the Program at any time and will notify clients of such updates via program updates or email notifications.
Program Rewards
The Program offers a Reward ("Reward") for each valid referral that meets the specified criteria for both the Referrer and Referee. To qualify for the Reward, both the referrer and referee must complete a Qualified Referral ("Qualified Referral"), as outlined below:
The Referrer must: 1) be a Client of Onramp Multi-Institutional Custody Solution, 2) have deposited Bitcoin into their Main Vault, and 3) be current on their account fees. Upon the Referee's initial deposit of $500,000, the Referrer will receive $1,000 denominated in bitcoin, deposited into their Onramp Fee Vault within 30 days.
The Referee must: 1) be a new Client of Onramp Multi-Institutional Custody Solution, and 2) have deposited Bitcoin into their Main Vault.
- For deposits under $500,000, the Referee will have $1,000 deducted from the standard account maintenance invoice.
- For deposits exceeding $500,000, the Referee will receive $1,000 denominated in bitcoin, deposited into their Onramp Fee Vault within 30 days of the initial deposit.
Right to Deny Rewards
Onramp reserves the right to withhold, deny, or cancel any rewards and to suspend the Account of any Referrer and/or Referee due to fraudulent, abusive, or questionable actions, as determined by Onramp. Please note that Program rewards are not guaranteed.
Program Limitations
Referrers cannot refer to accounts or entities in which they have an ownership interest. Referrals for duplicate or falsified accounts will result in disqualification from the Program.
No Spam
As a Referrer in the Onramp Partner Network, you are required to adhere to all relevant laws, including current "SPAM" regulations. Any Referral that could be construed as unsolicited commercial email or "spam" under applicable laws or regulations is explicitly prohibited and will result in exclusion from the Program.