Fundamentals You Must Understand About Payday Loans
A payday loan, also known as a “check loan” or “cash advance,” is a short-term loan typically capped at $ 1,000 that is normally payable on your next payday.
These loans are primarily preferred by people who cannot access regular credit, typically the bulk of the population at or near the bottom of the economic continuum. The breakdown industry in the United States has grown exponentially thanks to the increasing number of people who are in need of quick cash.
It is reported that nowadays the number of payday lenders in USA is higher than McDonald’s or Starbucks. What does it mean? This implies that the number of people who want fast money is higher than the one who consumes fast food. Too, there are 20,000 payday lenders in the United States! It is estimated that McDonald’s is only present in 14,000 locations! So the key question is, how to get a Green Day Loans and why do so many Americans need payday loans?
As you can see from the statistics above, many Americans opt for payday loans for regular and urgent needs. However, there are also other reasons that might require them to take the money up front. For example, it is practical; these payday loan companies are always open even outside of working days. Also, you can access them online from your home so they offer great customer satisfaction and good feedback. It doesn’t take long to complete an application and receive the money. However, the only downside is that you need to have sufficient income and still pay off your payday loans. All of this indicates that payday loans were, are and will be the safe bet as long as financial companies exist. A webmaster in a business loan affiliate program can undoubtedly benefit from this situation. Let’s see how.
The main thing is to go for the right affiliate program.
Whether you’ve been dealing with generations of payday prospects or been involved in something different, but decided to give it a shot, you probably understand how crucial it is to hire the right program. businesses with loan affiliate program for businesses like LeadsGate go out of their way to make sure their affiliates are happy and promote their partnership. However, when it comes to money, things are quite different. Few people pay a good reward for high quality lead generations. However, the LeadsGate Payday Affiliate Network does; currently, every publisher has the opportunity to get $ 180 per lead, and that’s just one of their unbeatable “perks”. Let’s take a closer look at these high payouts for leads and a reliable partnership.
Besides the $ 180 payout, here are some other perks that LeadsGate is proud to offer:
Re-invoicing system– LeadsGate adheres to the “once our customer, always our customer” principle in most other programs, you are not rewarded if your customer applies for the loan again (in simple terms, they did not click on your banner and simply recalled the url)
Payment of refusals– you don’t have to worry if your leads are turned down. With LeadsGate, you always get your salary from 5 to 15% in case of refusal. This has allowed the network to maintain its good reputation as a business.
Sponsorship Program– most networks have implemented this feature. The difference is that the LeadsGate affiliate network offers a higher percentage than the others. If you send a LeadsGate invite to someone who operates the payday vertical, you are eligible to receive 5% of the revenue they create.
Auction-based lead sales platform– this functionality is not common to other networks. With its help, your leads are auctioned off at the highest prices. Your leads are auctioned off on LeadsGate’s private auction, so the system covers 100% of advertisers, maximizing your likelihood of being auctioned at the highest prices.
To understand it better, see this screenshot from their platform:
Choosing an affiliate network focused on a specific area and a large and diverse tree of lenders will benefit you. Let’s take an example of this simple analogy: when you want to buy sneakers, you go to a sports store rather than a supermarket. The reason is that a sports store specializes only in athletic shoes and you will probably find the best sneakers there.
Why do we give this analogy? Well, if you want to get the highest value for your payday prospects, you need to choose a network that is familiar with all the advantages and limitations of the industry and can guide you on the path to success. This is the same reason why the LeadsGate Affiliate Payday Network will undoubtedly be your best option.