The affiliate network is a group of independently owned auction companies that share core values and understand the importance of customer-oriented business practices. K-BID is grateful to every affiliate for their contributions to building a strong, highly reputable network.
To recognize our highest performing affiliates, K-BID has created the Million Dollar Club. To be included in the Million Dollar Club, an affiliate must have minimum sales over $1M and have paid a minimum of $100,000 in buyer’s premium during the fiscal year (November 1 through October 31).
Affiliates meeting this threshold, are rewarded with a BP rebate. The rebate will be paid at fiscal year-end. The amount of the rebate is progressive as follows:
| Sales | BP Paid | BP Rebate |
| 0-$999,999 | $99,999 | No Rebate Applies |
| $1M - $2M | $100k - $200k | 15% |
| $2M - $3M | >$200k - $300k | 20% |
| Above $3M | >$300K | 50% |
Rebated BP starts accruing after $100,000 in BP paid.
For example: If an affiliate had fiscal year sales of $2.8M and paid $280,000 in buyer’s premium, the affiliate would receive a bp rebate of $31,000.
$100,000 X 15% = $15,000
$80,000 X 20% = $16,000
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