1. Ravers - These are your customers who refer their friends to your store through The Rave platform. When their friends make a purchase using the referral link, the ravers earn rewards in the form of cashback and discounts.
2. Give and Get Amounts - Give amount refers to the exclusive discount or offer that the referred friend receives on their first purchase. Get amount refers to the reward earned by the raver when their friend makes a purchase using their referral link.
3. Payouts - These are the cash rewards earned by ravers. Payouts can be claimed by ravers through their Rave account, and are processed on a monthly basis. Payouts can be paid out as cash via PayPal or as store credit.
4. Reporting and Analytics - The Rave provides detailed reporting and analytics on the performance of your promotions. You can track the number of referrals, sales, and rewards earned through your Rave promotions.
5. Campaign Customization - Rave campaigns are fully customizable. You can easily set the give and get amounts, customize the look and feel of your promotions, and set gamification options.
6. Fee Structure - The Rave charges a fee on the purchases made by referred customers. There are no monthly fees for merchants to participate in The Rave.
7. Returns and Refunds - If a customer returns a purchase made through The Rave, any rewards earned from that purchase will be voided. However, if the returns period ends and the purchase is not returned, the rewards will be paid out to the raver. You can choose to make payouts instant if returns aren't an issue for you.
🔑 Key Terms For Rave Merchants
