Why Choose a UK Payday Loan Affiliate Program?

Being a payday loan affiliate is a very lucrative market to be in as the demand for payday loans is enormous. Over 2million people in the UK applied for a Payday Loan and that figure is due to rise to 3.5million in 2012.

There are hundreds of lenders ready to offer payday loans to struggling individuals and with a higher demand for the service there appears to be a creation of a wild-west style war for leads, which is why now is the perfect time to start your online payday empire.

There are various payday loan affiliate programs on the market so here are some key factors to consider when choosing which program to join to ensure your online business booms.

Ping Tree system

The most successful payday loan affiliate programs have been proven to be those that use Ping Tree systems. This is a system whereby a single form (iFrame/XML Post) that sends leads to multiple lenders in micro seconds. The form can be integrated onto your website or similarly you can simply have a banner on your website that links to the form.

As soon as the form is submitted by your customer there is an immediate response back from each lender/merchant in turn until the lead is accepted on a tier. A commission per accepted (CPA) lead is offered on each tier from high to low return.

Live Lending Tiers

The most successful payday loan affiliate programs use live lending tiers to ensure your customers have the greatest chance of acceptance as well as providing you with highest possibility of lead monetization. From big payday lenders to micro lenders and private lenders your customers have that extra chance of obtaining a payday loan.

Commission and Payouts

All affiliates start off being paid the same level of commission. Within a couple of days of activity your account is evaluated to set up a unique commission structure based around your performance. Most affiliate programs have flexible payment methods, weekly, bi-monthly or monthly to suit your needs.

Tracking Portals

Top payday loan affiliate programs have tracking portals, which provide you with real-time tracking tools (down to the second!). The best tracking portals allow you to track everything by month, week and even day so it makes monitoring your progress easy.