Referral Program Terms

Last updated: June 15, 2026 · Operated by Zednest Tech Ltd.

1. Programme Overview

The PennySlice Referral Programme (“Programme”) lets existing PennySlice users (“Referrers”) earn billing credits by inviting others (“Referred Users”) to sign up and subscribe to a paid PennySlice plan. Participation is voluntary and subject to these terms. Zednest Tech Ltd. (“we”, “us”, “our”) operates the Programme and may modify or terminate it at any time.

2. Eligibility

• Referrer (you): You must be an active paying PennySlice subscriber at the time the credit is earned and applied. Trial accounts, free-tier accounts, and accounts on promotional or complimentary plans do not qualify to earn referral credits.
• Referred User: Must be new to PennySlice — existing accounts (including previously deleted and re-created accounts) do not qualify. The Referred User must convert to a paid plan (not a free trial) for the referral to count.
• Each Referred User may only apply one referral code, and it can only be applied once per account for the lifetime of that account.
• You may not refer yourself. Using your own referral code on a second account is prohibited and will result in both accounts being permanently disqualified from the Programme.
• Partner and coach accounts (accounts operating under a PennySlice partner agreement, coach partnership, or affiliate arrangement) are ineligible to participate in the Referral Programme either as Referrers or Referred Users. Separate arrangements, if any, are governed by those partner agreements.
• Employees of Zednest Tech Ltd. and their immediate family members are not eligible.

3. How Credits Are Earned

When a Referred User upgrades to any paid PennySlice subscription plan (not a free trial or promotional plan), the Referrer earns a credit equal to 15% of the Referred User’s first paid billing amount (excluding taxes). The Referrer must also be on a paid plan at the time the credit is due to be applied — credits cannot be earned or held by trial or free-plan accounts.

Credits are always settled in the Referrer’s preferred currency (as set in their PennySlice account settings). If the Referred User pays in a different currency, the 15% credit is converted to the Referrer’s currency at the prevailing exchange rate at the time of conversion. For example, if a CAD-based Referrer refers a friend who subscribes in USD, the credit is calculated as 15% of the USD amount converted to CAD.

There is no cap on the number of referrals or credits a single account may accumulate, provided all referrals are genuine and comply with these terms.

4. When Credits Are Applied

Credits are not applied automatically. Instead, accumulated credits can be redeemed on demand from the “Refer & Earn” section of your account:

• When you have one or more converted referral credits, a “Redeem Credits” button becomes available.
• Redeeming applies the credit to your Stripe customer balance, which automatically reduces your next invoice.
• Once redeemed, credits move to “Credited” status and cannot be reversed.
• If the redeemed credit exceeds the next invoice amount, the remaining balance carries forward to the following billing period — it does not expire and is not refunded as cash.

5. Credit Cancellation

Referral credits are tied to the continued paid status of the Referred User’s subscription. Credits are removed (set to “Cancelled”) in the following circumstances:

• The Referred User cancels their paid subscription, whether at period end or immediately.
• The Referred User’s subscription lapses due to non-payment and is not renewed within 30 days.
• We determine that the referral was made in violation of these terms (e.g., self-referral, incentivised gaming).

If a Referred User later resubscribes after cancelling, the referral is not reinstated — it is treated as a brand-new subscription with no referral association.

If a Referred User reverses a cancellation before the billing period ends, the referral credit is automatically restored.

6. Referral Status Definitions

• Pending — The Referred User has signed up but not yet subscribed to a paid plan.
• Converted — The Referred User is an active paying subscriber. Your credit is queued for the next billing cycle.
• Credited — The credit has been applied to a past invoice. Credited amounts are not reversible, even if the Referred User later cancels.
• Cancelled — The Referred User cancelled their subscription. The credit has been removed and will not be applied.

7. Referral Codes and Links

• Each user receives a unique, randomly generated referral code accessible from the “Refer & Earn” section of their account.
• Referral links follow the format pennyslice.ai/?ref=YOURCODE.
• You may share your referral code or link by any lawful means: social media, email, word of mouth. You may not use paid advertising, spam, misleading claims, or automated tools.
• We reserve the right to invalidate referral codes that we believe are being abused.

8. Prohibited Conduct

The following activities will result in disqualification from the Programme and may lead to account suspension or permanent ban:

• Creating fake or duplicate accounts to refer yourself
• Using bots, scripts, or automated tools to generate referrals
• Paying, incentivising, or coercing others to use your referral code
• Participating in the Programme while operating under a PennySlice partner or coach agreement
• Misrepresenting PennySlice’s features, pricing, or policies in referral communications
• Distributing referral codes through spam or unsolicited messages
• Exploiting the Programme through account cycling (deleting and recreating accounts to reset referral associations)

9. Credit Use, Cash-Out, and Account Closure

Referral credits are account credits that may only be applied toward a PennySlice paid subscription. They have no cash value and cannot be:

• Redeemed for cash, gift cards, or any other monetary equivalent — including upon cancellation or account closure
• Transferred to another PennySlice account
• Combined with promotional discount codes unless explicitly permitted by us
• Applied to any product or service other than a PennySlice subscription plan

Account deletion: Deleting your PennySlice account permanently forfeits all referral credits in any status (Pending, Converted, or unspent Credited balance). If you create a new account after deletion, you start fresh with zero credits — prior referral history is not restored and previously referred users are not re-associated with your new account.

Excess credits: If unapplied credits remain in your account at the time you cancel or close your account, those credits are forfeited and will not be refunded as cash or applied to any future account.

10. Changes to the Programme

We may change credit percentages, credit application timing, eligibility rules, or other programme details at any time with at least 14 days’ notice to registered users via email or in-app notification. Changes do not apply retroactively to credits already in “Credited” status.

11. Programme Termination

We may suspend or terminate the Referral Programme at any time. Any credits already in “Credited” status will remain applied to your account. Credits in “Pending” or “Converted” status will be forfeited upon programme termination.

12. Financial Incentive Notice (California Residents)

Under the California Consumer Privacy Act (CCPA/CPRA), the PennySlice Referral Programme constitutes a “financial incentive” because it provides a price or service difference (subscription credits) in exchange for your participation. We offer this programme because the value of referral credits to us is reasonably related to the value of acquiring new subscribers — specifically, the 15% credit approximates a portion of the marketing cost we would otherwise spend to acquire a new customer.

Your participation in the Referral Programme is entirely voluntary. You may opt out at any time by simply not using your referral code. Opting out of the Programme does not affect your access to PennySlice features, pricing, or service quality in any way. We do not discriminate against users who choose not to participate.

13. Governing Terms

These Referral Programme Terms are supplemental to the PennySlice Terms of Service and Privacy Policy. In case of conflict, the main Terms of Service take precedence.

14. Contact

Questions about the Referral Programme? Reach us at contact@pennyslice.ai.