Hi @nithin,
Can we have one more option for displaying Zerodha’s customer ID?
In case someone wants to display only ID.
@nithin just wondering, in what range do the referral commissions run into. just a ballpark average for say the top 10 payouts in a year for Z?
Is it very sensitive to share? Thanks
What if Brokers/SEBI implement a rule that the referral income can be used to offset the referrer’s brokerage charges only?
Hmm… the client ID isn’t something that we want people to be sharing publicly.
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Ah yeah, we don’t want to talk about this publicly.
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Hmm… then why even have a referral program? The idea of a referral or partner program is to be able to acquire new customers without any upfront costs and more importantly give another reason for your customer to spread the word.
thats understandable.
It was only bcos Revenue at 5500 Cr and say 10% gross referral at 550Cr and 10% brokerage sharing would be like 55 Cr for last payout (FY23)
Bcos the number was a bit astronomical, i thought a real estimate is logical.
Hi Nitin,
Out of many reasons finfluencers scam – two major are – 1) fake pnl 2) exploitation of affliated links.
more concerned on 2nd option, this income with affiliated links needs to reduce, for Zerodha it’s 10%, have seen other’s brokers where its 50%.
- What happens when user doesn’t follow that ‘fininfluencer’, the account cannot be changed.
- another one – why doesn’t the brokerage sharing percentage reduces by every year, it stays on as long as the user stays.