´╗┐FAQ

What is Incentiv8?

Incentiv8 is a rewards programme for University students that pays you out as a reward for completing your qualification.

The earlier into your qualification that you join Incentiv8, the exponentially higher your reward payout will be, so don't wait for later as your reward payout will never look as good as it does today!

Work hard. Earn hard! 

Is Incentiv8 Legit?

Incentiv8 has been around since 2017 and is a registered company with registration number2017/029322/07 and a registered corporate member of the South African Rewards Association.

Currently we pay out ten of thousands of rands each month in data / airtime and each semester we reward students with a cash payment as our main reward when students complete their studies. 

Don't just take our word for it, see what fellow student's have been rewarded with and what fellow students are saying about us.

How are we able to pay such a high return on your premiums?

Our ability to pay high returns on your premiums is based on two principles:

1) You must Graduate in order to receive a payout and the earlier you graduate, the higher your return on your premiums will be.

2) The truth is that not everyone will Graduate and not everyone will graduate within the minimum amount of time and this is what our vision is to change.

We want you to back yourself to ensure that we can pay you out, so that you can set yourself up for success.

The payout amount we offer and the return on your monthly payments is simply due to the likelihood or probability of you graduating (not everyone will graduate).

This is the same concept used by all Insurance companies (not everyone will claim on their insurance).

We are not an investment company and the payout amount is based on the graduation rate and because of this payout being linked to an event (graduating) it is substantially higher due to the fact that not everyone will receive their payout due to them not graduating allowing us to compensate (and incentivize) those who do graduate with a higher payout amount.

What University must I be studying at to apply for my Incentiv8 payout?

Currently we only offer Incentiv8 to all students who are studying at the following Universities:

Cape Peninsula University of Technology
University of Cape Town
Central University of Technology
Durban University of Technology
University of Fort Hare
University of the Free State
University of Johannesburg
University of KwaZulu- Natal
University of Limpopo
Mangosuthu University of Technology
Nelson Mandela University
North-West University
University of Pretoria
Rhodes University
Unisa
Stellenbosch University
Tshwane University of Technology
Vaal University of Technology
University of Venda
Walter Sisulu University
University of the Western Cape
Wits
University of Zululand

Sol Plaatjie                                                                                                 

University of Mpumalanga

What do I need to be studying to be eligible?

To sign up for Incentiv8, you need to be studying towards (and have at least 8 months left of your studies) any of the following qualifications:

- Certificate
- Diploma
- Degree
- Honours
- Masters

What year of my studies must I be in to sign up with Incentiv8?

You may take out Incentiv8 anytime during your studies irrespective of what year you are in, provided that you are more than 6 months away from completing your qualification.

The closer you are to completing your studies however, the lower your lump sum payout will be, as well as the return on your premiums, so it's best to sign up to Incentiv8 as early into your studies as possible to maximize your returns, your pay-out and your monthly rewards!

Has Incentiv8 paid out students when they graduate?

Yes we have indeed!

Not only do we pay monthly rewards of airtime / data and even foodie vouchers to students, we are proud to announce we have paid out students who graduated in November / December 2018 and in June / July 2019, please see our Testimonial page to see this: https://www.incentiv8.co.za/testimonials


What happens if I take longer than expected to complete my qualification?

No problem! Your payout reward will be paid to you as long as you complete your qualification, no matter how long that takes.

We payout on the event of you completing your qualification, provided your monthly premiums are up to date.

Invite and Earn

Once you have signed up to Incentiv8 you will be able to start earning cash for inviting your friends to sign up.

Every time someone signs up to Incentiv8 using your invite code, they will get a free bonus R250 added to their graduate payout.

Once they have paid their first premium you will then automatically earn R100 in your cash wallet + R250 will be added to your graduate payout.

You can withdraw cash from your cash wallet at anytime which will then be paid into your bank account within 48 hours.

There are additional hidden prize hampers available, that you will unlock the more your invite code is used, so share your code as much as possible to unlock free cash and prizes.

When will my invite code become active?

Your Invite code will automatically become active 24 hours after paying your first monthly premium.

How do I pay for this awesome product?

Your monthly premium will need to be paid either by debit order / card / Masterpass / Instant EFt or cash (using EasyPay).

This monthly premium will run from the month in which you sign up until the end of the month in which you complete your studies and remember, the earlier into your studies you sign up, the higher your reward payout will be.

How do I get paid out?

When you complete your qualification, please email us at graduated@incentiv8.co.za with a copy of your academic history. We will then verify with your University that you indeed did complete your qualification and if there are no discrepancies we will then contact you to confirm your bank account details in which you would like us to pay your selected payout amount into and this will then be paid to you within 30 days.

Yes, its that simple!

How can I change my reward payout / monthly payment?

You can decrease to a smaller Incentiv8 package at any time, however you will only be able to increase your package provided you have at least 8 months left before you complete your qualification.

To change your reward payout / monthly payment please email info@incentiv8.co.za

What happens if I miss a payment?

You will be able to make a missed payment in your Incentiv8 profile using Card / Masterpass / Instant EFT or Cash (using EasyPay), however please note that if payment is not received for 60 days, your reward payout amount will be decreased / lapsed.

What is the Cancellation Protector?

We understand the reality that in some cases you may drop out of University or not be able to keep up with your monthly Incentiv8 premiums and we are glad to introduce our Cancellation Protector (this is available on all packages excluding the R50 package) whereby, we will pay you up to 20% of your premiums back in the event that you choose to cancel or if you drop out of University.

The percentage you will receive in the event of cancelling your Incentiv8 rewards will increase the longer you have been on Incentiv8 as follows:

0 - 2 premiums paid= 0% premiums paid back to you
3 - 6 premiums paid= 10% premiums paid back to you
7 - 11 premiums paid= 15% premiums paid back to you
12 premiums paid= 20% premiums paid back to you

 

*This Cancellation protector is only applicable from 1 June 2020 onwards and does not apply to historical premiums. The cancellation protector applies to a maximum of 12 premiums paid.

How do I cancel my Incentiv8 Payout?

You can cancel your Incentiv8 payout any time you like with us, however, all historical payments will be forfeited (unless you have a Cancellation protector that has been activated for more than 3 months). We require 30 days written notice of your intent to cancel on info@incentiv8.co.za.