QUICK SUMMARY
- Members can earn commissions even with nothing to sell or nothing to buy by promoting any listing in the entire site.
- A commission is given for every sale and it goes to the member who is not on his fourth sale starting with the buying member then his upline, etc.
- Each member can have unlimited downlines but only one upline such that the upline switches to the last member who made a sale referral or the last member who sent a gift.
- Members making a purchase have the opportunity to invest in profit sharing unit(s) which can only increase in value for ninety days.
- Members can choose to have automated purchases to ensure commissions from their downlines and to buy profit sharing units periodically.
DETAIL VERSION
ChaseBuy, LLC (www.chasebuy.com) is an e-commerce marketplace for sellers, buyers, promoters, and advertisers. Free memberships allow members to make money even if they have nothing to sell or nothing to buy by simply promoting any listing in the entire site. Promotion is done through Email Ads. An Email Ad tracks the referring member such that if a sale is made through the Email Ad the referring member earns a commission unless the buyer becomes a member in the process, then the new buying member keeps his commission and becomes a new downline of the referring member who is now his upline. The commission from each and every sale is always a percentage of the sales price and the percentage varies depending on the amount of the sales price (see Amounts Table below). Every member keeps his first three commissions no matter if they are self-made, direct sales, or indirect sales. For the 4th sale and every 4th sale thereafter, the commission goes to the upline or the upline's upline (etc.) who is not on his 4th sale. In a multi-sale purchase, the checkout will arrange the sale with the less commission to be the 4th sale, so in affect giving the best possible commissions back to the buying member. Members are encouraged to "chase" every 4th sale with a small "buy" to plug the 4th sale slot in hope of receiving a much higher commission coming from their downlines. If a member chooses not to give a commission of his choice on the 4th sale to his upline, then his 4th sale slot stays open and he will instead be losing more by passing up all commissions from his downlines. When activated the ChaseBuy List will automatically make a purchase on behalf of the member who has enough available credits and not necessarily online at the moment the 4th sale hits. Every member is allowed only one upline but unlimited downlines. The relative number of downlines a member has is in parenthesis following his account name. ChaseBuy is the only member who has itself as the upline always. For all other members, the "floating" upline changes as sales are made through Email Ads with different referring members. With the exception of his upline, a member can make himself an upline of another by sending a gift to the other member. This not only allows a member to receive more or bigger commissions from well established downlines but also allow a member with listing(s) to promote his own item(s) to perhaps other businesses with large customer base. Needless to say, members can network and make money from businesses not necessarily their own.
| Sales Price ($) | Commission (%) | Transaction Fee (%) | Listing Revenue (%) | Weekly Listing Fee ($) |
|---|---|---|---|---|
| 10.00 to 19.99 | 31.0 | 9.4 | 59.6 | 0.00 |
| 20.00 to 39.99 | 28.5 | 9.0 | 62.5 | 0.00 |
| 40.00 to 69.99 | 26.1 | 8.6 | 65.3 | 0.00 |
| 70.00 to 109.99 | 23.8 | 8.2 | 68.0 | 0.00 |
| 110.00 to 159.99 | 21.6 | 7.8 | 70.6 | 0.00 |
| 160.00 to 229.99 | 19.5 | 7.4 | 73.1 | 0.00 |
| 230.00 to 319.99 | 17.5 | 7.0 | 75.5 | 0.00 |
| 320.00 to 429.99 | 15.6 | 6.6 | 77.8 | 0.00 |
| 430.00 to 559.99 | 13.8 | 6.2 | 80.0 | 0.00 |
| 560.00 to 719.99 | 12.1 | 5.8 | 82.1 | 0.00 |
| 720.00 to 919.99 | 10.5 | 5.4 | 84.1 | 0.00 |
| 920.00 to 1179.99 | 9.0 | 5.0 | 86.0 | 0.00 |
| 1180.00 to 1529.99 | 7.6 | 4.6 | 87.8 | 0.00 |
| 1530.00 to 2019.99 | 6.3 | 4.2 | 89.5 | 0.00 |
| 2020.00 to 2739.99 | 5.1 | 3.8 | 91.1 | 0.00 |
| 2740.00 to 3869.99 | 4.0 | 3.4 | 92.6 | 0.00 |
| 3870.00 to 9999999.99 | 3.0 | 3.0 | 94.0 | 0.00 |
ChaseBuy sets a minimum sales price of $10.00 for all listings and encourages transactions of high priced items. For every sales price increment up to $3,870.00, both the commission and the transaction fee decrease to give a bigger percentage of the sales price to the listing member. A sales price that is $3,870.00 or higher carries a 3% commission and a 3% transaction fee. There is no basic listing fee till October 1, 2013.
A member making a purchase has the option to buy a share (profit sharing unit) per sale that can only increase in value during its 90 days life span. When the share value goes beyond $20, then all shares split by 4 (quadruple) so that the cost to own a share would be more affordable. Of-course members with share(s) now have 4x more shares. The value of each share is determined by the sum of all profit sharing investments plus 50% of all listing fees and transaction fees (rounded up) collected by ChaseBuy divided by the number of outstanding shares (see Equation below). In other words, ChaseBuy will always give back more than it keeps in fees to buying members. ChaseBuy is only allowed to buy the first one hundred shares at a dollar each to set this profit sharing feature in motion and none thereafter. To ensure share value stability and fairness, these shares will never expire nor will they ever split. Hence, ChaseBuy will always have these 100 shares, but will never profit from them (unlike the shares of all other members).
| price/share = |
number of outstanding shares |
User Agreement