iRefer123 Frequently Asked Questions

• What is the history of Irefer123?
• Is Irefer123 well capitalised?
• Does Irefer123 have unique products?
• Is there a genuine need for the product or services?
• Is the product or service trendy or a fad?
• Does the company and route to market take full advantage of technology?
• Is the Company you about to join a team and committed to your success?
• Is there a way to build your business part-time without losing your full time income?
• Does the business have international expansion programmes?
• Does the business have a financially viable compensation plan ?
• Is the ownership and management sound?
• Will the Company Really Pay Us!
• Does the Company Comply with the Law?
• Does the Company actually control its community of merchants?
• What are your Payments options for the joining fee?
• Are my payment details secure?

1. History of iRefer123? 

The company was founded in 2011 by a syndicate of successful networkers who have created network businesses in excess of 100,000 members over the last 10 years. While the company is new, the idea for iRefer123 has been many years in the making and only when the technology allowed for the tracking of both online and local shopping did the founders decide to build the business.

2. Is the company well capitalised?
 

iRefer123 is competently financed by its creators in order to grow, maintain a solid infrastructure and to be up-to-date with the best and most efficient technology. The fact that the founders have built the business with their own funds over the last two years shows their commitment to the company and our future.

3. Does iRefer123 have unique products?

We differ from our competitors by offering a higher percentage of cash back, distribution rewards, a financially backed business plan and a propriety system to track and offer rewards for local shopping. On top of this, members can shop at one of our own online Cash Back City Max Rewards Shops to turn expenditure into income for a diverse range of everyday goods. The company is focused on providing sustainable and ongoing rewards for all your needs.

4. Is there a genuine need for the product or service?

To be successful in business your product or service must fill a real need at a fair and reasonable price. With the multibillion dollar online-shopping industry growing daily, we intend to service this real need as fast as we can. Since we are driven by our members, iRefer123 makes this commitment...

“If you need to buy a product online that we do not have in Cash Back City, please inform us and we will do whatever it takes to find a first class supplier to sell this product with cash back income for you.”

5. Is the product or service trendy or a fad?

Consumerism is an everyday part of life for people all over the world.  iRefer123 extends the benefits and is about turning everyday expenditure into income. 

6. Does the company and route to market take full advantage of technology?

Not every company is equipped to market their product, but anybody can partner with a business that has established and proven marketing technology along with the correct training and systems! We are payment agnostic. When you purchase online or shop in our Max Reward Shops you can purchase with any card, any way you want. In our local cash back partners we have developed a unique loyalty management system that allows our members to shop with our iRefer123 customer card and earn cash rewards.

7. Is the Company you’re about to join a team and committed to your success?

If they are driven to succeed, the company is strong, and the product or service is a winner (and, of course, you're willing to learn), you will succeed. A Committed Company motivates, mentors, trains and inspires for the mutual benefits of the members and the company. Our plan has been developed with only one person in mind, you the member and customer. We do not pay out recruiting bonuses. The ethos of iRefer123 has been built on the knowledge and experience of the founders who built and sustained network businesses for over 20 years.

8. Is there a way to build your business part-time without losing your full time income?

A company must have automated systems that can do the heavy lifting (i.e., promoting and sorting) for you so that you can use your limited time efficiently. In the members back office of iRefer123 we already offer SMS and email recruitment as well as the internet referral links. Part-time or full time; we will give you the commitment that we will provide the tools you need to build your businesses.

9. Does the business have international expansion programmes?

iRefer123 has a goal to be a service that is accessible and able to service anyone globally. It is necessary then that our company must have a clearly defined, financially supported plan to ensure effective expansion. The reality is you have to start somewhere and in each country the payment systems are different and challenging. We have a committed timetable for launching in New Zealand, Canada, UK, Europe, North America and many Asian countries.

10. Does the business have a financially viable compensation plan?

It is a challenge to find the medium between a rich, rewarding compensation plan and one that is sustainable and viable for the future of the company. We are happy to claim that our business offers this balance. We invite you to carefully review the plan and you can see how sustainable the income can be and how much has been allocated for ongoing rewards. iRefer123 has a joining fee to cover its costs of providing this service to its members as we do not rely on plan breakage to service you. We want you to earn and build income, not join and quit.

11. Is the ownership and management sound?

Due to the experience and familiarity of the founders in previous network businesses, iRefer123 has the industry skills and knowledge that very few starting companies have. In addition they have sought the right legal advice, expert planning consultants and technology providers to make sure the necessary steps are taken towards a successful company. On top of this, iRefer123 has taken the crucial first steps to appoint an advisory board as safe measures to provide counsel and wisdom to best service the members through their years of experience.

12. Will the Company Really Pay Us!

Every single sale is tracked by our automated back office systems.    Should the commission due back for any sale take longer than expected (normally 2 - 3 weeks) the company will resolve the situation with the supplier.   However, we do as part of our field training ask referrers to keep a proof of purchase to halp us track any problems.  Instore purchases are tracked by the debit cards.  If for any reason a purchase is not recorded our support team will follow up the details and we will resolve the issue.  Our system will show you what you have purchased.

13. Does the Company Comply with the Law?

Every effort has been made to ensure that the iRefer compensation plan complies with current Australian regulations.   This is an ongoing process and the compensation plan will be reviewed in light of any changes to the regulations that affect our industry.  should any changes be required to keep apace with regulation, you the referrer, will be advised of anything that will affect you.

14. Does the Company actually control its community merchants?

iRefer123 through its fully owned subsidiary Cash Back City has the agreement with its cash back partners to sell their products on a commission basis.

15. What are your Payments options for the joining fee?

iRefer123 offers many types of payment options for membership joining fees.

- Visa Card (Master Card due in mid June 2012)
- Accepted real time or Instant debits - in over 15 countries
- Direct deposits to local count bank accounts in over 60 countries.
- Telegraphic transfer or SWIFT payment.
- Payment by iRefer123 voucher.

The credit card processing is provided by an international bank and as such there is an additional fee needed to cover the additional cost of processing. The payment processor prefers VISA cards secured by Verified By Visa but will process card which are not registered. iRefer123 does not keep full card details as their is no auto ship or recurring billing. Only the first 4 and last 4 numbers are recorded and the CVV or expiry date are not recorded or stored. If prospective members are concerned they can use any of the other payment methods or request a payment voucher by speaking with our company office or country representative. Real time or Instant Debits are payments sent to iRefer123 by third party suppliers who offer this country specific service. For a good explanation of this type of payment please goto http://www.polipayments.com/checkoutdemo1.html and view the demonstration. For any questions please review http://www.polipayments.com/faq.html. Whilst this demonstration and FAQ is specific to PoliPayments in Australia and New Zealand it is similar to all these types of payments but we strongly recommend you review the web sites of any of the specific third party processors in your country. In order to secure your position in the iRefer123 binary credit card, instant debits and vouchers are accepted as received when processed. Direct deposits to local bank accounts , Swift Payments and BPAY are deferred payment options and we process them as pending payments. We do not place you into the iRefer123 Binary until we have received the payment into our bank account. PLEASE NOTE, direct debits, Bpay, swift payments and the like NEED YOU TO contact your bank, log into your internet banking system, or take some other action to direct the payment to us. Selecting one of these payment methods DOES NOT automatically deduct any funds.
Please contact us if you have any other questions.

16. Are my payment details secure?

Your credit card details are not recorded by iRefer123. All payments are redirect to the various payment processors over an SSL connection and processed by these third parties. Any bank debit methods are redirected to third party processors whose web browser (which is used to navigate to your internet banking facility), provides some of the most advanced security features available on the internet. During the course of the payment,the third party never has access to your internet banking identifier or password - these are entered directly by you into your internet banking log on screen. The rest of the process takes place using the security of your internet banking facility. iRefer123 commits to only work with third party payment processors that adopt industry best practice security procedures. Please also refer to our privacy policies and the members terms and conditions. iRefer123 through its fully owned subsidiary CashBackCity has the agreement with its cash back partners.

If you have any further questions please do not hesitate to Contact Us.