
How it works
Two-tier Bonus Point Scheme Structure
1. Earning
Earn 1 Tier 1 Bonus Point for every 1 unit of store base currency spent at the merchant . Tier 1 Bonus Points may only be redeemed at the merchant where earned.
Tier 1 Bonus Points can only be redeemed at the shop where the Members earned the Bonus Points.
iGNITE will charge the Merchants the point transaction fee right after the transaction is confirmed and completed.
Merchants are not required to pay iGNITE the Tier 1 Bonus Points.
Extra 30% of the Tier 1 Bonus Points
Tier 2 Bonus Points can be redeemed at any participating shops of the iGNITE Merchant Network.
iGNITE will charge the Merchant the point transaction fee right after the transaction is confirmed and completed.
Besides the point transaction fee, Merchants are required to prepay iGNITE the Tier 2 Bonus Points, which will be reserved for the Members to use at any of the the participating Merchants.
Example



Tier 2 Rewards: 2,700 units
2. Redemption
The preset value of 100 units of Bonus Points is 2 units of store base currency . This means 100 units of Bonus Points can redeem products or services worth 2 units of store base currency at participating shops.Notes
Merchants can change the Tier1 Bonus Point earning rate, but it cannot be lower than the minimum rateMerchant cannot change the Tier 2 Bonus Point earning rate
No matter what the Tier-1 Bonus Point earning rate the Shop set, an extra 30% of the Bonus Points will be offered as Tier 2 Bonus Points
Example
Increase Tier 1 Bonus Point earning from 1 unit to 5 units for every 1 unit of store base currency spent.Increase Tier 1 Bonus Point earning from 1 unit to 10 units for every 1 unit of store base currency spent.