Ledger, the company behind the popular cryptocurrency hardware wallets for storing bitcoin and blockchain tokens offline has announced a sudden freeze of their affiliates pay until October 1st.
The company has established a well-networked affiliate program, but as the CEO of Ledger mentioned, the company has possibly detected some abuse going from delegitimate sources.
Nonetheless, this might turn off some of their affiliates and partners with a delay in earnings of over a month, although it is understood that well-known partners will be whitelisted as soon as possible.
Ledger left this brief message to its partners today after many had reported delays in the latest period:
IMPORTANT – PAYOUTS FROZEN UNTIL OCTOBER 1ST 2017
“The affiliate program of Ledger is temporary freezing its payouts. A representative from Ledger will contact you shortly with a list of question to better understand the source and management of your traffic. It is therefore very important that you enter your name and email in the form below. Thank you for your patience and understanding.”
This is all the information we have for now, the company back in March raised $7 million dollars in Series A funding. Flush with cash, it might be a time the firm takes a look at hiring just a few key marketing and support people to better serve their loyal affiliates helping promote the Ledger product line. Introducing a basic manually vetted KYC form before approving partner accounts would also help filter potential partners at the most basic level.
The company further stated:
“Apologies for the inconvenience for this temporary payment freeze. We are currently in the process of reviewing the Ledger Affiliate Program to ensure the best service possible both for our Affiliates as well as for our customers.”