Stake (Stakeshop Pty Ltd) – Referral Terms & Conditions

 

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These terms and conditions (Referral T&Cs) apply to the Stake Referral Program (the Program). By participating in the Program, you agree to be bound by these Referral T&Cs.

This Program allows registered Stake users (a “Stake User”) to earn promotional rewards (“Stake Rewards”) by referring others to Stake. To participate, Stake Users must agree to these terms, which are in addition to the Stake Terms & Conditions

How to Earn Stake Rewards

Stake Users can earn rewards if: (i) a friend clicks on their referral link to create a valid Stake account or completes an account signup that complies with our Terms & Conditions (both UK and AU versions); and (ii) the referred friend completes a Qualified Trade. The Stake User may not be the same person as referred friend or an existing Stake customer.

The referring Stake User will be rewarded with the rewards outlined in the referral invitation or accompanying promotional materials. Rewards are Stake merchandise and a Berkshire Hathaway Class B (BRK.B) share unless indicated otherwise in the referral invitation or accompanying promotional materials. 

Qualified Funding

A Qualified Trade must be a fully executed trade (min $10). Pending and rejected orders do not qualify.

Earning Rewards 

Users earn points towards rewards of Stake branded merchandise and free stock (together “Stake Rewards”). For each friend a user successfully refers, the user earns 1 point.

Stake rewards are earned when users obtain the number of points needed to receive a reward. The rewards and thresholds published on the Invite Friends page on a user’s account are valid at any given point in time. These are subject to change at Stake’s discretion with no notice. 

For merchandise, once a user reaches a reward threshold, they will be notified within 2 business days of the reward they have earned and request to confirm their delivery address. This notification will come to the email that’s attached to a user’s Stake account. 

Users need to confirm their delivery address before Stake will send their reward. If a user does not respond to this email within 6 months, the reward will expire and no longer be valid. 

For rewarded stock, once a user reaches the reward threshold, they will be notified within 2 business days of the reward they have earned and requested to respond accepting the reward. This notification will come to the email that’s attached to a user’s Stake account. 

Users need to confirm they accept the reward before Stake will fulfill their reward. If a user does not respond to this email within 6 months, the reward will expire and no longer be valid. 

Stake Rewards are used for promotional purposes only.

Stake Rewards may not be earned by creating multiple Stake Accounts. Stake Rewards accrued in separate Stake accounts may not be combined into one Stake account. Stake Rewards can only be earned with your “Individual Account” and not a company, trust, SMSF or other type of account.  

If for any reason you believe that there is a discrepancy regarding your balance of Stake rewards, email hello@hellostake.com

Stake may require you to submit additional information in order to determine your point status. All decisions regarding your status will be final and at Stake’s sole discretion.

You are responsible for any tax consequences, if any, that may result from your redemption or use of Stake Rewards. 

Expiry of Stake Rewards

Stake Rewards earned must be redeemed within 6 months of receiving the confirmation email.. 

Sharing Referral Links

Referrals should only be used for personal and non-commercial purposes, and only shared with personal connections that will appreciate receiving these invitations. Referral links should not be published or distributed where there is no reasonable basis for believing that all or most of the recipients are personal friends (such as coupon websites, Reddit, or Wikipedia).

Referred Friends

Under other reward programs run by Stake from time to time, Referred friends that have signed up using a valid referral link and completed a Qualified Trade may also receive a Stake reward, which may differ to the rewards offered in this Program. 

Multiple Referrals

A referred friend may only use one referral link. If a referred friend receives referral links from multiple Stake Users, only the referral link used by the referred friend to join will receive points towards a Stake Reward.

Severability

If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.

Termination and Changes

Stake may suspend or terminate the Program or a user’s ability to participate in the Referral Program at any time for any reason.

We reserve the right to suspend accounts or remove Stake Rewards if we notice any activity that we believe is abusive, fraudulent, or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.

The scope, variety, and type of services and products that you may obtain by redeeming Stake Rewards can change at any time.

Legals & Updates to the Terms

These Referral T&Cs are to be governed by and construed in accordance with the laws of New South Wales, Australia and shall by subject to the jurisdiction of the New South Wales Courts.

We can update these Referral T&Cs at any time without prior notice. If we modify these terms, we will post the modification on the Stake website and applications which are effective upon posting. Continued participation in the Referral Program after any modification shall constitute consent to such modification