Referral Program Terms and Conditions
The Arrived Referral Program (“Program”) is subject to certain Terms and Conditions. To participate, an existing customer (“Referrer”) must invite a new customer (“Invitee”). The Referrer is not required to be a current investor in any issuer (each, an “Arrived Issuer”) managed by Arrived Holdings, Inc. (“us” or “we”), and must have a linked bank account on the Arrived platform.
The Referrer may invite an Invitee by giving the Invitee a special URL, or website link (the “link”). The Invitee must click the link and follow the subsequent instructions to validate and activate their own Arrived account and must further pass all Know Your Customer and Anti-Money Laundering checks conducted by Arrived and verify and link their bank account (the, “verification procedures”). We will credit both the Referrer’s and Invitee’s account with a restricted credit in an amount in effect at the time of completion of the verification procedures within 30 days after their completion, such amount subject to change at any time in the sole discretion of Arrived. The link may not be posted on public forums, including, but not limited to, any form of social media or online bulletin boards. Additionally, the referrer may not offer any form of compensation to any Invitee in exchange for Invitee’s completion of the verification procedures. Any violation of these restrictions may result in rescission of the restricted credit at the sole discretion of Arrived and such rescission is not subject to review or appeal. Further Arrived reserves the right to withhold or deduct restricted credits obtained through the Program in the event that Arrived determines or believes that the receipt of the restricted credit was in error, fraudulent, illegal, or in violation of any restrictions or any other applicable agreement between you and Arrived.
The restricted credit can only be used towards the subscription of any Arrived Issuer investment. Only one restricted credit may be used per subscription. The restricted credit cannot be withdrawn as cash. If the restricted credit is not used within one year of issuance, it will expire and be removed from your Arrived account. Participation in this program may result in the receipt of taxable income for both the Referrer and the Invitee, and we may be required to send both parties, and file with the IRS, a Form 1099-MISC (miscellaneous income). Both Referrer and Invitee are responsible for any tax liability, including disclosure requirements, related to participating in the Program. Please consult a tax advisor if you have any questions about your personal tax situation. This offer is subject to change and may be canceled at any time without notice. In cases where we have a reasonable belief of fraud, we reserve the right to rescind any restricted credits that may have been given, at any time.