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About affiliate commission
Affiliate commission is credited to your Swyftx account in USD after deducting GST.
Referral commission revenue is subject to 10% GST in Australia.
GST is deducted before the commission is paid for most Swyftx users. This applies to those who refer friends to the platform as a hobby or have a non-GST registered ABN.
If you have a GST registered ABN, GST is paid separately as a part of your tax liabilities.
Read more about our affiliate rewards program and commissions.
Set up referral payouts
To set up your referral payouts:
Go to Profile, then Refer a friend.
Select Action is required to receive referral payouts in the Referral link box.
If you have a registered ABN:
Enter the ABN.
Select if the ABN is registered for GST.
If you don't have a registered ABN:
If you have any further questions, get in touch with us via live chat.