This is an industry-standard. A Reserve balance protects your business from agents who resign or terminate and have a negative balance.
That negative balance rolls up to the 1st immediate upline. The reserve will act as the 1st barrier to paying off the debt. According to our industry, data has found that the average roll-up debt is about a thousand dollars. A 10% Reserve will be automatically allocated from each commission cycle. This entails setting aside 10% of your earned commissions into your reserve until it reaches one thousand dollars. This practice is crucial for the health of your business. Maintaining a reserve ensures your financial stability as an individual agent. It safeguards against unforeseen chargebacks that could otherwise disrupt your finances. This reserve acts as a safety net, offering you peace of mind.
How long does it take to receive the reserved 10% back?
To receive your reserved 10% back, you must wait 24 months. This allows time to clear any potential chargebacks that may arise post-termination or resignation.
How do we request the return of our reserve 10%?
To request the return of your reserve 10%, send a direct email to [email protected].