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Deriv payment agent registration process and requirements
What exactly is a Deriv agent payment?
A Deriv payment agent is an individual or company that is given authority to process deposits and withdrawals for other Deriv traders. Deriv payment agents make it possible to move funds from one Deriv account to another. The payment agents became popular around 2020 when Deriv introduced them. Deriv payment agents must first have a Deriv account before applying for the payment agent service.
Follow this video guide to get started…
How do Deriv Payment Agents Work?
Deriv payment agents facilitate deposits and withdrawals using local payment methods or using ways that are not supported on the Deriv website.
For example, someone may need to deposit into their Deriv account whilst in Burundi and they want to use Ecocash or they’re in Kenya and want to use Safaricom Mpesa or they want to deposit via Ecocash, OneMoney, or ZIPIT whilst in Zimbabwe – but they can not do so directly on the Deriv website. That’s where Deriv Payment agents come into play.
How to Become a Deriv Payment Agent?
To become a Deriv payment agent, you must send an email to partners@deriv.com with the following details:
(i) Your name, email address, and contact number
(ii) A verified Deriv trading account. Here is a video on how to create an account ( Watch video)
(iii) A balance of US $2000 at the time of your application.
(iv) Advise how you will promote your agent services: for example Facebook, Instagram, Telegram channel, or website.
(v) Your accepted payment methods (the methods that are not accepted on Deriv for example local payment methods, mobile money or cash at hand.)
(vi). The commission you will charge for both deposits and withdrawals. (they must be between 1 and 9%)
Once you email Deriv with the above details, they will respond with the next steps. When your account is finally approved, you will appear on the list of payment agents like the one below.
Other ways to get paid besides being a Deriv payment agent.
The Deriv Affiliate Program is a great way to earn extra income.
As a Deriv affiliate, you can earn up to 45% in referral commissions by referring your friends and family to the Deriv website.
The process is simple:
1. Refer your friends via your unique referral link.
2. When they sign up , deposit and trade, you’ll receive lifetime commissions.
Create a Deriv trading account by clicking the button below then sign up for the Affiliate program following the video guide…
How much do Deriv payment agents earn per month?
A common question is so How much do Deriv payment agents earn each month? The straight answer is the amount a Deriv payment agent earns varies on the volumes of transactions the payment agent would have processed.
Here is an example:
An agent facilitates deposits and withdrawals at 9%. If they process a deposit of $1000, they will get $90 on that transaction.
If another trader comes and wants to do a withdrawal, the payment agent will give the trader $910 and retain $90. For the two transactions alone, the payment agent would have made $180.
For argument’s sake, if the payment agent processes say payment agent processes a total of 24 transactions with an average value of $1000 each and charges a 9% discount, it means the agent will make : 24 x 1000 x 9% = $2160.
The total amount a Deriv payment agent thus varies with the volume of transactions that the agent processes and the commission percentage that the agent charges.
Deriv payment agent alternatives.
Besides Deriv payment agent, a trader can fund their account through Deriv Peer to Peer , Deposit via Bank or the various payment options available on the Deriv website
Conclusion
The Deriv payment agent program is one of the risk-free ways in which you can earn money online with. It’s easy to sign up and you must have at least USD $2000 in your Deriv account at the time of application. Deriv payment agents make money by charging a commission which is regulated by Deriv. The commission threshold should be between 1% and 9%. In case you haven’t signed up for a Deriv account, click the button below and do so.