MiVeda Compensation Plan
MiVeda’s Compensation Plan currency is country specific. This allows distributors around the world to be paid in their respective currency even though purchases may have been made in a different country.
This could include individuals purchasing products not available in their home country. There could also be cases where a distributor sponsors downline who live in a different country and who consequently purchase products there. To cater for this, MiVeda provides "seamless" commissions to distributors around the world via international "currency conversion" or Credit Value points.
By using Credit Value points (CV), MiVeda can determine the value (percentage) of commissions that a Distributor will be paid in the relevant currency of a particular country. CV totals (of monthly sales) qualify a distributor at the appropriate level. The CV ratio is the highest in the industry. These values are reviewed regularly to take into account currency fluctuations and to provide the best possible ratio for distributors in every country.
The CV of each product can be seen in the Shopping Cart when you order products (via the Member’s Area). CV is only used to calculate the qualification levels for each distributor. These levels are set very generously to make it as easy as possible for each distributor to qualify at the highest possible level.
The table for “seamless” commissions is shown below. The payment ratio is 1 to 1 (in other words, percentages are paid on the total amount of purchase price of each product - excluding taxes).
|Distributor Status||Bronze||Silver||Gold||Emerald||Diamond||Executive Diamond||Super Diamond|
|Number of Teams or Legs required||1||2||3||4||5||6||7|
|Minimum Team or Leg Volume Per Month (CV)||25,000||35,000||45,000||80,000||80,000||120,000|
|Minimum Organisation (Total Group) Volume per Month (CV)||60,000||200,000||400,000||2,000,000||3,000,000||5,000,000|
|Payment Levels (under the respective distributor) - payment is the percentage shown of the total sales at each level|
|Executive Diamond Bonus||2%||2%|
|Super Diamond Bonus ****||3%|
|Retail Bonus **||3%||3%||3%||3%||3%||3%||3%|
** This bonus is paid to distributors who purchase the required amount of products (DP) every month. This amount depends on the respective country the distributor is registered in and the amount paid to individuals is capped - the amount depends on the country the bonus is paid in.
**** Split into a 1% automatic bonus and a 2% discretionary bonus (see Pooled Bonus Explanation)
Download a copy of The MiVeda Indian Compensation Plan
Download a copy of The MiVeda Australian Compensation Plan