We saw a Facebook post recently where Francis Chaves, owner of SWA Philippines Inc (SWAPI), encouraged SWA Ultimate members to read the SWAPI Policies and Procedures, because this will help cut down on SWA Customer Support Requests.
By reading the SWA Ultimate Policies, some of your questions will be answered. Okay, let's read on...
What are the common questions?
May I buy more than one SWA account and do multiple heads?
No. See Section 9.02
SECTION ONE: MEMBER STATUS
BECOMING A MEMBER OF SUPREME WEALTH ALLIANCE
An applicant becomes a Member of Supreme Wealth Alliance when the applicant's completed application has been received and accepted via the Supreme Wealth Alliance online membership management system, a system wholly owned, managed, and fully implemented by Supreme Wealth Alliance Philippines Inc. (hereinafter also referred to as merely Supreme Wealth Alliance, SWA, or SWAPI). Supreme Wealth Alliance reserves the right to decline any application for any reason, at its sole discretion. Member uses his or her best effort to promote and sell the product package of SWA to consumers pursuant to the agreement contained within these Policies & Procedures and Terms & Conditions. In doing so, Member will maintain the high standards of honesty and integrity and business ethics when dealing with consumers, the company SWAPI, or other Supreme Wealth Alliance Members.
1.02 PRODUCT PURCHASE REQUIRED
A one-time product purchase of the ‘SUPREME WEALTH LIBRARY’ digital product package, costing US$55 (or PHP2,500 for transactions within the Philippines), is required to become a lifetime Member of Supreme Wealth Alliance.
1.03 MEMBERSHIP COST
Membership to Supreme Wealth Alliance is a NO COST bonus to all customers who purchase the Supreme Wealth Library. Members did not buy their memberships to Supreme Wealth Alliance; what they purchased was the Supreme Wealth Library digital product package, and the Membership is given as a free bonus. As a matter of consequence, no Member is allowed to sell their Supreme Wealth Alliance membership because the membership is not, and never was, for sale.
1.04 MEMBER OBLIGATIONS & RIGHTS
Members are authorized to sponsor new Members and to sell Supreme Wealth Alliance products and to participate in the Supreme Wealth Alliance Compensation Plan for the life of the business.
1.05 LEGAL AGE
Members must be of legal age in the state, country, or territory of their residence to be able to independently and individually participate in the Supreme Wealth Alliance program. Any person who is considered a’ minor’ or ‘non-adult’ in a specific state, country, or territory may only participate in the Supreme Wealth Alliance program if he or she is supervised and assisted by at least one parent or legal guardian in the implementation of his or her Supreme Wealth Alliance business.
Citizens of any country or territory whose laws allow their constituents to purchase downloadable digital products and allow them likewise to participate in online marketing and network marketing may join and become members of the Supreme Wealth Alliance program. However, Filipino citizens worldwide shall have their income subjected to Witholding Tax deductions, as stipulated in Section 1.11, primarily because the main Supreme Wealth Alliance headquarters is registered under and residing within the jurisdiction of the Republic of the Philippines. Filipino members worldwide must correctly indicate their citizenship within their back office; any misrepresentation regarding this matter shall be subject to penalties or possible account termination.
1.07 PERSONALITY & ENTITY
Each Member account in Supreme Wealth Alliance can only be owned and be officially supervised by one (1) individual person. Supreme Wealth Alliance Management does not recognize multiple owners in any Member account, or multiple persons sharing a single account. Internal agreements between or among persons may be allowed with regards to Member account sharing, but Supreme Wealth Alliance Management is never to be involved in any way with any disagreements or conflicts that may arise among persons sharing the Member account. Supreme Wealth Alliance is never to be sought to resolve any such internal disagreements as it is our very strong recommendation that each person must fully own his or her Supreme Wealth Alliance Member account.
Corporations, partnerships, limited liability companies or other forms of business organizations or trusts are not allowed to become Members of Supreme Wealth Alliance. Only individual persons can become Members.
1.08 FICTITIOUS OR ASSUMED NAMES
A person may not apply as a Member using a fictitious or assumed name, or alias. The full, legal name is required. By default, payouts or commissions are sent or deposited to the account of the registered Member name. Using a fictitious name may result in payouts not being received, as banks and remittance centers are strict when it comes to establishing the identity of the payee. Supreme Wealth Alliance shall charge a penalty of US$20 (or PHP1,000) for any request of change of name that shall arise from using a fictitious or assumed name, or alias.
1.09 INDEPENDENT CONTRACTOR STATUS
Members are independent contractors responsible for determining their own activities without direction or control by Supreme Wealth Alliance Philippines Inc. They are not franchisees, joint venture, partners, employees or agents of Supreme Wealth Alliance and are prohibited from stating or implying, whether orally or in writing, otherwise. Members have no authority to bind Supreme Wealth Alliance Philippines Inc. to any obligation. Supreme Wealth Alliance Philippines Inc. is not responsible for payment or co-payment of any employee benefits. Members are responsible for liability, health disability and worker's compensation insurance. Members set their own hours and determine how to conduct business, subject to the Supreme Wealth Alliance Agreement, Policies & Procedures and Terms & Conditions.
1.10 INTERNAL REVENUE CODE
As independent contractors, Members will not be treated as franchisees, owners, employees or agents of Supreme Wealth Alliance for federal or state tax purposes including, with respect to the Internal Revenue Code, Social Security Act, Federal Unemployment Act, State Unemployment Acts or any other federal, state, or local statute, ordinance, rules or regulations.
Generally, Members are responsible for any and all taxes payable in their particular resident domicile or jurisdiction for any income received either from Supreme Wealth Alliance or any programs promoted via Supreme Wealth Alliance. All Filipino citizens worldwide, however, shall be subject to automatic Ten Percent (10%) deduction on any and all their net income as mandated by Philippine law and because headquarters of Supreme Wealth Alliance is registered under and residing within the jurisdiction of the Republic of the Philippines. This deduction is automatic within the Filipino members e-wallet, and is consummated upon execution of a payout request. They can then utilize the said withheld tax upon their filing of Income Tax provided that they input their Tax Identification Number (TIN) within their back office.
1.12 LEGAL COMPLIANCE
Members must comply with all federal, state and local statutes, regulations and ordinances concerning the operation of their SWA business in their area. Members are responsible for their own managerial decisions and expenditures including all estimated income and self-employment taxes.
1.13 NO EXCLUSIVE TERRITORIES
No franchise is granted and there are no exclusive territories for sales or sponsoring purposes. No geographical limitations exist on sponsoring or selling above and beyond the around 200 countries and territories within which our payment processors allow payment transactions.
SECTION TWO: TERM & RENEWAL
The Agreement shall have a term which shall begin on the date of activation by Supreme Wealth Alliance and continue for the life of the business. However, at any time of their choosing, Members may voluntarily terminate their Member relationship with Supreme Wealth Alliance, and thereby lose their Member entity, all sponsorship rights, their positions in the Compensation Plans and all rights to commissions and bonuses. However, since their Supreme Wealth Library digital product package is fully paid for, they can still continuously access the library anytime perpetually, including all future additions, enhancements, and upgrades to the Supreme Wealth Library.
Members pay US$55 (or PHP2,500 for transactions within the Philippines) one-time only to purchase the Supreme Wealth Alliance product and consequently become a lifetime member of Supreme Wealth Alliance. No further fees are ever necessary.
SECTION THREE: SPONSORSHIP
The word ‘Sponsor’ is one of the most widely used word in the Network Marketing industry, and many varied definitions have been attached to it. In Supreme Wealth Alliance, your Sponsor is the person who directly invited you to his or her website and wherein you eventually signed up. Other words similar to our definition of Sponsor include Referrer or Direct Referrer.
Members may sponsor other Members into Supreme Wealth Alliance by promoting the Supreme Wealth Library through their individual websites. Members must ensure that each potential new Member has reviewed and has had access to the current Policies & Procedures and Terms & Conditions prior to joining SWA.
3.03 SPONSOR LEADERSHIP
A Sponsor should maintain an ongoing professional leadership association with personally sponsored Members in his or her organization, and should fulfill the obligation of performing a bona fide supervisory function in the sales and promotions of existing and future Supreme Wealth Alliance products.
3.04 INCOME CLAIMS
Members must truthfully and fairly describe the official Supreme Wealth Alliance Compensation Plan. No past, potential or actual income claims may be made to prospective Members, nor may Members use their own incomes as indications of the success assured to others. Members may not guarantee commissions or estimate expenses to prospects, and must definitely not claim that prospects can earn without doing anything. The Supreme Wealth Alliance program is a full-fledged business and as such, it is not an investment program where people invest a monetary amount and just wait for returns. Supreme Wealth Alliance Management strongly adheres to the timeless principles of honorable money-making and business building, where time, energy, effort, learning, and perseverance are required to achieve success. Members who misrepresent this vital facet of Supreme Wealth Alliance are liable to have their memberships suspended or even terminated.
3.05 TRANSFER OF SPONSORSHIP
The company does not permit existing registered Members to obtain a new membership under a different Sponsor. Network marketing is a business of creating relationships. Once a Member is sponsored, the company believes in maximum protection of that relationship. The only exception is upon prior written approval of Supreme Wealth Alliance to correct ethical violations as determined at the sole discretion of Supreme Wealth Alliance.
In addition to building relationships, another very important core principle that defines Network Marketing is the earning of residual commission income through the joint efforts of you, your Sponsored referrals, their Sponsored referrals, and beyond. This interconnection of Sponsors and Members is what makes Network Marketing a strong economic force that positively transforms countless lives. There must absolutely be no compromise on the stability and integrity of the Sponsor-Member links… and Supreme Wealth Alliance upholds that strong stand.
3.06 CROSS SPONSORING
Members may not sponsor, nor attempt to sponsor, any non personally sponsored distributors in any other network marketing company. In addition, no Member may participate in any action that causes another Member to be sponsored through someone else into another network marketing company.
SECTION FOUR: RESIGNATION/TERMINATION
4.01 VOLUNTARY RESIGNATION
Member may voluntarily terminate his or her Member status by sending written notice of such resignation or termination to Supreme Wealth Alliance. Voluntary resignation is effective upon receipt of such notice by Supreme Wealth Alliance.
Member may be suspended for violating the terms of his or her Agreement, which includes these Policies & Procedures and Terms & Conditions and other documents produced by Supreme Wealth Alliance. When a decision is made to suspend Member, Supreme Wealth Alliance will inform the Member in writing that the suspension has occurred effective as of the date of the written notification, the reason for the suspension and the steps necessary to remove such suspension (if any). The suspension notice will be sent to the Member's email address on file pursuant to the notice provisions contained in the Policies & Procedures and Terms & Conditions. Such suspension may or may not lead to termination of the Member as so determined by Supreme Wealth Alliance at its sole discretion. If the Member wishes to appeal, Supreme Wealth Alliance must receive such appeal in writing within fifteen (15) days from the date of the suspension notice. Supreme Wealth Alliance will review and consider the suspension and notify the Member in writing of its decision within fifteen (15) days after receipt of the appeal. The decision of Supreme Wealth Alliance will be final and subject to no further review. Supreme Wealth Alliance may take certain action during the suspension period, including, but not limited to, the following:
a) Prohibiting the Member from holding himself or herself as Member or using any of the Supreme Wealth Alliance proprietary marks and/or materials;
b) Withholding commissions and bonuses that are due the Member during the suspension period;
c) Prohibiting the Member from purchasing services and products from Supreme Wealth Alliance;
d) Prohibiting the Member from sponsoring new Members, contacting current Members or attending meetings of Members.
If Supreme Wealth Alliance, at its sole discretion, determines that the violation which caused the suspension is continuing, and has not satisfactorily been resolved or a new violation involving the suspended Member has occurred, the suspended Member may be terminated.
Member may be immediately terminated for violating the terms of his or her Agreement, which includes these Policies & Procedures and Terms & Conditions and other documents produced by Supreme Wealth Alliance upon written notice. Supreme Wealth Alliance may terminate a violating Member without placing the Member on suspension, at the sole discretion of Supreme Wealth Alliance. When the decision is made to terminate Member, Supreme Wealth Alliance will inform the Member in writing at the email address in the Member's file that the termination has occurred.
If Member wishes to appeal the termination, Supreme Wealth Alliance must receive the appeal in writing within fifteen days from the date of notice of termination. If no appeal is received within the fifteen day period, the termination will automatically be deemed final. If Member files a timely notice of appeal, Supreme Wealth Alliance will review the appeal and notify the Member of its decision within fifteen days after receipt of the appeal. The decision of Supreme Wealth Alliance will be final and subject to no further review. In the event the termination is not rescinded, the termination will remain effective as of the date stated in the original termination notice.
4.05 EFFECT OF TERMINATION
Immediately upon termination, the terminated Member:
a) Must remove and permanently discontinue the use of the trademarks, service marks, trade names and any signs, labels, stationary or advertising referring to or relating to any product, plan or program of Supreme Wealth Alliance.
b) Must cease representing themselves as Member of Supreme Wealth Alliance;
c) Loses all rights to his or her Member position in the Compensation Plan and to all future commissions and earnings resulting there from;
d) Must take all action reasonably required by Supreme Wealth Alliance relating to protection of Supreme Wealth Alliance confidential information. Supreme Wealth Alliance Philippines Inc. has the right to offset any amounts owed by Member to Supreme Wealth Alliance including, without limitation, any indemnity obligation incurred, from commissions or other compensation due to the Member.
The acceptance of any reapplication of a terminated Member or the application of any family member of a terminated Member shall be at the sole discretion of Supreme Wealth Alliance and can be denied.
4.07 STATE OR COUNTRY LAWS
Where state or country laws on termination are inconsistent with this policy, the applicable state or country law shall apply.
SECTION FIVE: TRANSFERABILITY
5.01 ACQUISITION OF BUSINESS
Any Member desiring to acquire an interest in another Member's business can only do so provided that the following three (3) conditions are met:
a) The desired Member account must be under the organization of the Sponsor of the Member who wishes to acquire the account.
b) The buyer must first terminate his or her existing Member status before becoming eligible for such an acquisition. All such transactions must be fully disclosed and must be approved by Supreme Wealth Alliance in advance.
c) As per section 1.03, Supreme Wealth Alliance disallows the purchase of Memberships. The only transactions allowed by Management are those wherein there is no monetary exchange or purchase implemented in order to execute the transfer.
5.02 TRANSFER MECHANICS
Members may not assign, merge or transfer his or her Member entity (or rights thereto) without the prior written approval of Supreme Wealth Alliance and compliance with the following conditions:
a) Supreme Wealth Alliance possesses the right of first refusal with respect to any assignment or transfer of any Member entity. Member wishing to assign or transfer his or her Member entity must first provide Supreme Wealth Alliance with the right and option to make such an acquisition or receive such transfer in writing on the same terms and conditions as any outstanding or intended offer. Supreme Wealth Alliance will advise the Member within ten business days after receipt of such notice of its decision to accept or reject the offer. If Supreme Wealth Alliance fails to respond within the ten day period or declines such offer, the Member may make the same offer or accept any outstanding offer which is on the same terms and conditions as the offer to Supreme Wealth Alliance to any person or entity who is not Member, married to, or a dependent of Member or who has any interest in Member;
b) The assigning Member must provide Supreme Wealth Alliance with a copy of all documents which detail the transfer, including, without limitation, the name of the assignor, the assignee, and terms of transfer;
c) An office administration transfer fee of US$30 (or P1,500) payable to Supreme Wealth Alliance must accompany the transfer documents;
d) Supreme Wealth Alliance reserves the right, at its sole discretion, to stipulate additional terms and conditions prior to approval of any proposed assignment or transfer. Supreme Wealth Alliance reserves the right to disapprove any assignment or transfer, where allowed by law.
5.03 CIRCUMVENTION OF POLICIES
If it is determined, at the sole discretion of Supreme Wealth Alliance, that Member entity was transferred in an effort to circumvent compliance with the Agreement, the Policies & Procedures or Terms & Conditions, the transfer will be declared null and void. The Member entity will revert back to the transferring Member, who will be treated as if the transfer had never occurred from the reversion day forward. If necessary and at the sole discretion of Supreme Wealth Alliance, appropriate action, including, without limitation, termination, may be taken against the transferring Member to ensure compliance with the Policies & Procedures and Terms & Conditions.
Notwithstanding any other provision of this Section, upon the death of Member, the Membership will pass to his or her successors in interest as provided by law. However, Supreme Wealth Alliance will not recognize such a transfer until the successor in interest has executed a current Agreement and submitted certified copies of the death certificate, will, trust or other instrument required by Supreme Wealth Alliance. The successor will thereafter be entitled to all the rights and be subject to all the obligations of a Supreme Wealth Alliance Member.
SECTION SIX: PROPRIETARY INFORMATION
6.01 CONFIDENTIALITY AGREEMENT
During the term of the Agreement, Supreme Wealth Alliance may supply to Members confidential information, including, but not limited to genealogy reports, customer lists, customer information developed by Supreme Wealth Alliance Philippines Inc. or developed for and on behalf of SWA by Members (including, but not limited to, credit data, customer and Member profiles and product purchase information), Member lists, business reports, commission or sales reports and such other financial and business information which Supreme Wealth Alliance may designate as confidential. All such information (whether in written or electronic format) is proprietary and confidential to Supreme Wealth Alliance and is transmitted to Members in strictest confidence on a “need to know” basis for use solely in Members business with Supreme Wealth Alliance. Members must use their best efforts to keep such information confidential and must not disclose any such information to any third party, or use this information for any non-company activity directly or indirectly while a Member and thereafter. Members must not use the information to compete with Supreme Wealth Alliance or for any purpose other than promoting the Supreme Wealth Alliance program. Upon expiration, non-renewal or termination of the Agreement, Members must discontinue the use of such confidential information and promptly return any confidential information in their possession to Supreme Wealth Alliance.
6.02 VENDOR CONFIDENTIALITY
Supreme Wealth Alliance business relationships with its vendors, manufacturers and suppliers are confidential. Members must not contact, directly or indirectly, or speak to, or communicate with any supplier or manufacturer of Supreme Wealth Alliance except at Supreme Wealth Alliance sponsored events at which the supplier or manufacturer is present at the request of Supreme Wealth Alliance.
6.03 COPYRIGHT RESTRICTIONS
With respect to product purchases from Supreme Wealth Alliance, Members must abide by all manufacturers' use restrictions and copyright protections.
The Supreme Wealth Alliance program, logo, captions, and official materials are copyrighted by Supreme Wealth Alliance Philippines, Inc. Therefore, no parts of the program and materials may be changed in any format, sold independently, or used in any way other than what is outlined within the Supreme Wealth Alliance program and materials. All branding, logos and graphics contained within Supreme Wealth Alliance websites and materials are copyrighted. Distribution or copying of such content is expressly prohibited unless the content says otherwise.
SECTION SEVEN: TRADEMARKS, LITERATURE & ADVERTISING
Supreme Wealth Alliance trademarks, service marks and copyrighted materials are owned by Supreme Wealth Alliance Philippines Inc. The use of such marks and materials must be in strict compliance with these Policies & Procedures. The following names and terms are synonymous with the Supreme Wealth Alliance program and must be used only when referring or pertaining to the same: Supreme Wealth Alliance, SWA, SWAmazing, SWAmily, and Connect-Create-Uplift. Their use by any member of Supreme Wealth Alliance is strictly limited to the Supreme Wealth Alliance program.
7.02 ADVERTISING & PROMOTIONAL MATERIALS
Promotional and advertising materials independently developed and produced by Members may be used to advertise or promote their Supreme Wealth Alliance business or to sell products of Supreme Wealth Alliance. However, the content and graphics of such materials must comply with the following strict conditions:
a) It must not violate any Supreme Wealth Alliance policy, regulations, statutes, and personal development principles.
b) It must be in keeping and not deviate from any principles of the Supreme Wealth Alliance Mission and Vision.
c) It must not imply or mention any type or form of detrimental remarks against other companies, programs, or personalities.
d) It must not make any form of promise, assurance, or guarantee of a specific earning possibility or potential.
e) It must not promise the prospect that he or she only needs to invest, and they will do the recruiting work.
f) It must not misrepresent or give any kind of false impression or misleading information about the Supreme Wealth Library and any portion of the Supreme Wealth Alliance Compensation Plan. A common misleading information includes the promotion of the Supreme Wealth Library at a price that is lower than the official price of US$55 (or PHP2,500 for transactions within the Philippines). Also commonly misleading is to refer to the Supreme Wealth Alliance program as an investment scheme wherein the prospect can earn and succeed even without doing anything. Still another misleading information is to claim that ‘spillovers’ are assured and the prospect needs to just wait for it.
g) As a supplement to the above, the Supreme Wealth Alliance Management strictly prohibits the use of words or phrases such as “invest”, “investment”, “guaranteed income”, “sure downlines”, “sure spillovers”, “no effort”, “quick ROI”, “sure ROI”, or other words or phrases that are similar to these, in any promotional and advertising materials independently developed and produced by Members.
Any promotional and advertising material which misrepresents Supreme Wealth Alliance, its program, and its core values can negatively threaten the reputation and credibility of this positively life transforming system that has already uplifted thousands and thousands of lives worldwide, so the Management of Supreme Wealth Alliance shall be extremely strict in enforcing these policies about Member developed marketing materials. Members with advertisements and promotional materials that violate the above need to amend their advertisements for utmost compliance. Otherwise, they should remove all information and graphics about Supreme Wealth Alliance in their promotional and advertising materials to avoid risk of suspension or termination.
7.03 STATIONERY AND BUSINESS CARDS
Members are permitted to create their own stationery, business cards or letterhead graphics, but these materials must fully comply with all the regulations and policies in section 7.02.
7.04 FEEDER PROGRAMS
Feeder programs are low entry money making schemes which, depending on the Feeder mechanics, helps its members join higher cost opportunities through their incomes from the Feeder program. Since Feeder programs have their own earning and compensation plans, the mechanics of these programs might be mistaken as the mechanics of Supreme Wealth Alliance, thus causing confusion. As a precautionary measure, Feeder programs are not allowed to use any Supreme Wealth Alliance name, words, phrases, or logos in their advertisements, promotional materials, or marketing tools.
7.05 TELEPHONE ANSWERING
Members may not answer the telephone by saying “Supreme Wealth Alliance,” or in any other manner that would lead the caller to believe that he or she has reached the offices of Supreme Wealth Alliance Philippines Inc.
7.06 IMPRINTED CHEQUES/CHECKS
Members are not permitted to use Supreme Wealth Alliance trade name or any of its trademarks or service marks on their business or personal cheque/check accounts.
7.07 MEDIA INTERVIEWS
Members are prohibited from granting radio, television, newspaper tabloid or magazine interviews or using public appearances, public speaking engagements, or making any type of statement to the public media to publicize Supreme Wealth Alliance, its products or Supreme Wealth Alliance businesses, without the express prior written approval of Supreme Wealth Alliance Philippines Inc.
No endorsements by a Supreme Wealth Alliance officer or administrator or third party may be asserted, except as expressly communicated in Supreme Wealth Alliance literature and communications. Federal and state regulatory agencies do not approve or endorse direct selling programs. Therefore, Members may not represent or imply, directly or indirectly, that the programs, products or services of Supreme Wealth Alliance have been approved or endorsed by any governmental agency.
Members may not produce or reproduce for sale products sold by Supreme Wealth Alliance or any Supreme Wealth Alliance produced literature, audio or video material, presentations, events or speeches, including conference calls. Video and/or audio taping of Supreme Wealth Alliance meetings and conferences is strictly allowed for personal use only.
7.10 INDEPENDENT COMMUNICATIONS
Members, as independent contractors, are encouraged to distribute information and direction to their respective team members. However Members must identify and distinguish between personal communications and the official communications of Supreme Wealth Alliance.
SECTION EIGHT: COMMISSIONS & RETAIl PROFIT
8.01 BASIS FOR COMMISSIONS
Commissions or payouts are allocated only on the sale of the Supreme Wealth Library digital product package. Commission derived from product sales is the generally accepted procedure of commission allocation in all of business, and that is what is practiced in Supreme Wealth Alliance. No commissions are ever paid based on the sponsoring or referring of new members. All new Members should join Supreme Wealth Alliance first and foremost because of the product.
8.02 COMMISSION GATEWAYS
Supreme Wealth Alliance utilizes a number of financial centers and institutions as gateways for the paying out of commissions to Members. They include banks, remittance centers, mobile payment systems, and online payment processors. The details and specifics of these payment gateways can be found in the Supreme Wealth Alliance Member back office.
8.03 COMMISSION PAYMENTS FREQUENCY
Commissions are credited automatically by the Supreme Wealth Alliance proprietary software on an instantaneous basis --- meaning that as soon as a commission is earned it is allocated to the account of the respective earning Member. The Member may then immediately withdraw or claim it from within his or her Supreme Wealth Alliance back office by executing a Payout Request. Depending on the payout gateway chosen by the Member, the commissions will be available for withdrawal by the Member anytime from five (5) to twenty (20) working days after the Member executes a Payout Request.
8.04 MINIMUM COMMISSION AMOUNT
Supreme Wealth Alliance Philippines Inc. reserves the right to determine a minimum commission amount that is withdrawable via the e-wallet within the member back office. Currently, the minimum withdrawable amount is equivalent to Twenty U.S. Dollars (US$20).
8.05 COMMISSION CURRENCY
The primary currency for commissions in Supreme Wealth Alliance is the US Dollar (US$). Depending on the payout gateway selected by the Member, the Member may receive his or her commission in a currency other than the US Dollar. However, the exact exchange rate for the other currency shall be solely determined by Supreme Wealth Alliance, unless the selected payment gateway implements its own currency exchange. For commissions in Philippine Peso (PHP), the current exchange rate for commissions is fixed at Forty Two Philippine Pesos (PHP42) to One US Dollar (US$1).
8.06 COMMISSION FEES
Due to the variety of payout options available to Members, some of which charge transfer fees, remittance fees, or inter-branch deposit fees, Supreme Wealth Alliance has the right and may deduct from the total commission payable an amount equal to or a little higher than the fee charged by the specific payment gateway chosen by a member in the pursuit of receiving his or her commission.
8.07 COMMISSION OFFSET OR CONVERSION
Aside from withdrawing commissions, Supreme Wealth Alliance Members can also convert their payouts to Activation Codes. An Activation Code is a set of numbers or letters generated by the Supreme Wealth Alliance proprietary database system. Activation Codes can be used to instantly and immediately activate accounts of new Members without need for approval by a Supreme Wealth Alliance Administrator.
8.08 RETAIL PROFIT
Members may earn retail profit by selling the Supreme Wealth Library to prospective new Members through the use of Activation Codes. However, the retail pricing set by Supreme Wealth Alliance, as specified in Section 9.03, must always be followed very strictly and religiously.
SECTION NINE: PURCHASE & SALE OF PRODUCTS
9.01 MAIN PRODUCT
Supreme Wealth Alliance Philippines Inc. is the exclusive retailer of the ‘SUPREME WEALTH LIBRARY’ digital product package, costing US$55 (or PHP2,500 for transactions within the Philippines). The said product package is readily and fully accessible to the Member once his or her account is activated, which can be found in the Member back office. The Supreme Wealth Library consists of more than two thousand (2,000) information resources such as detailed data on various specific topics, training programs, instructional (how-to’s), personal development lectures, scripts, and graphics… which are presented in formats such as e-books, e-audios, e-videos, e-manuals, and e-graphics.
9.02 MULTIPLE PURCHASES
The success of Supreme Wealth Alliance depends on retail sales to the ultimate consumer of the product. However, Supreme Wealth Alliance strictly prohibits the multiple sales of the same products to the same consumer only or primarily to qualify for compensation.
9.03 RETAIL PRICING
The retail price of the Supreme Wealth Library is US$55 (or PHP2,500 for transactions within the Philippines). All Members are admonished to strictly follow the said pricing. It is strictly prohibited for any Member to sell the Supreme Wealth Library at a price lower or higher than the price determined by Supreme Wealth Alliance and indicated herein. Persistent violators who have been already been warned by Admin or Management may be liable for suspension or termination. This regulation on pricing also applies to ‘wholesalers’ or those who sell the library via Activation Codes. These Members must also sell the Supreme Wealth Library to prospective new members at the price determined by Supreme Wealth Alliance and indicated herein.
9.04 PAYMENT OPTIONS
Supreme Wealth Alliance utilizes a number of financial centers and institutions as portals or gateways for prospective Members to purchase the Supreme Wealth Library. These include banks, remittance centers, mobile payment systems, and online payment processors. The details and specifics of these payment gateways can be found in the Supreme Wealth Alliance Register page.
9.05 PRICING AMENDMENTS
Supreme Wealth Alliance Philippines Inc. reserves the right to amend any or all portions of this Policies & Procedures and its accompanying Terms & Conditions. Thus, the Supreme Wealth Library retail pricing, membership duration, product package contents, and the pay plan types may be amended at any time without prior notice as it deems appropriate for the best of the general member base of Supreme Wealth Alliance.
9.06 SECONDARY PRODUCTS
Supreme Wealth Alliance may introduce new products at any time but these shall only be digital products which are accessible via the back office or via a download link. However, any new upcoming products shall only be secondary products as the Supreme Wealth Library shall always be the main product of Supreme Wealth Alliance. New products may utilize a new pay plan in order to provide more income opportunities to Members.
9.07 PRODUCTS & SERVICES CLAIMS
Members may make no claim, representation or warranty concerning any product or service of Supreme Wealth Alliance, except those expressly approved in writing by Supreme Wealth Alliance or contained in official Supreme Wealth Alliance materials.
Unsolicited e-mailing (SPAMMING) is prohibited. See our SPAM POLICY for more details.
SECTION TEN: MEMBER GUARANTEE & REFUND POLICY
10.01 Supreme Wealth Alliance ZERO REFUNDS POLICY
Supreme Wealth Alliance offers a ZERO REFUNDS POLICY to all ACTIVATED Members. This is foremost because new member positions are allocated in the compensation system instantaneously and commissions on library purchases are likewise credited instantly as soon as the payment is verified and the Member account is activated. Secondly, all members of Supreme Wealth Alliance have immediate access to all 2000+ resources of the Supreme Wealth Library upon activation. Therefore, as our systems are fully automated and irrevocable, no refunds shall be made to activated Members.
To repeat: Supreme Wealth Alliance offers no refunds. So please do not join Supreme Wealth Alliance if this zero refunds policy is not agreeable to you or if the sum of US$55 (or P2,500) will place you under any form of financial distress or is beyond your fiscal means at this time.
Bottom line: If you are in any way unsure about paying the US$55 (or P2,500) one-time joining fee, please walk away at this time. The founders of Supreme Wealth Alliance are aiming for this program to be here for the long haul, so you may always come back and check out this opportunity at a later date once your financial situation has already improved.
10.02 DO NOT JOIN Supreme Wealth Alliance IF ANY OF THESE APPLY TO YOU:
1) You have no interest in enhancing your knowledge or expertise via the resources in the Supreme Wealth Library.
2) You have no access to an internet enabled computer or mobile device.
3) You lack basic computer knowledge or lack the willingness to learn.
4) Purchasing the product at US$55 (or P2,500) would cause you financial hardship.
5) You do not agree with the ‘ZERO REFUNDS POLICY’ of Supreme Wealth Alliance.
Except as expressly stated herein, Supreme Wealth Alliance Philippines Inc. makes no warranty or representation as to the merchantability, fitness for a particular purpose, workmanship or any other warranty concerning any product or service purchased from or through SWAPI.
SECTION ELEVEN: GENERAL PROVISIONS
11.01 INDEMNITY AGREEMENT
Member agrees to indemnify and hold harmless Supreme Wealth Alliance Philippines Inc., its shareholders, officers, directors, employees, agents and successors in interest from and against any claim, demand, liability, loss, cost or expense including, but not limited to, court costs and attorneys' fees, asserted against or suffered or incurred by any of them, directly or indirectly arising out of or in any way related to or connected with allegedly or otherwise, the Members (a) activities as Member; (b) breach of the terms of the Agreement; and/or (c) violation of or failure to comply with any applicable federal, state or local law or regulation.
11.02 PROCESSING CHARGES
Supreme Wealth Alliance has a policy of zero extra fees above the one-time purchase fee. However, Supreme Wealth Alliance reserves the right to institute a processing charge for unique requests by any Member.
11.03 OTHER SERVICES & PRODUCTS
Members may not promote or sell another company's products or services at functions organized to feature the Supreme Wealth Alliance program. Members are not restricted from selling other company's services and products which are not similar to or competitive with the products of Supreme Wealth Alliance. However promotion of competitive services, products and/or business programs with anyone, including Members, is strictly prohibited.
To the extent permitted by law, Supreme Wealth Alliance Philippines Inc. shall not be liable for, and each Member releases SWAPI from, and waives all claims for any loss of profits, indirect, direct, special or consequential damages or any other loss incurred or suffered by Member as a result of (a) the breach by Member of the Agreement and/or the Terms & Conditions and/or the Policies & Procedures; (b) the operation of Member's business; (c) any incorrect or wrong data or information provided by Member; or (d) the failure to provide any information or data necessary for Supreme Wealth Alliance to operate its business, including, without limitation, the enrollment and acceptance of Member into the Compensation Plan or the payment of commissions and bonuses.
Supreme Wealth Alliance encourages all Members to keep complete and accurate records of all their business dealings.
11.06 FORCE MAJEURE
Supreme Wealth Alliance shall not be responsible for delays or failure in performance caused by circumstances beyond a party's control, such as but not limited to: fire, flood, tsunami, earthquake, storm, power outages, labor difficulties, strikes, war, government decrees or orders and/or curtailment of a party's usual source of supply.
It is the obligation of every Member to abide by and maintain the integrity of the Policies & Procedures and Terms & Conditions. If a Member observes another Member committing a violation, he or she should discuss the violation directly with the violating Member. If the Member wishes to report such violation to Supreme Wealth Alliance, he or she must detail violations in writing only and mark the correspondence “Attention: Supreme Wealth Alliance Compliance Department”.
Supreme Wealth Alliance reserves the right to amend the Policies & Procedures, Terms & Conditions, retail pricing, membership duration, product package contents, and the pay plan types at any time without prior notice as it deems appropriate for the best of the general member base. Amendments will be communicated to Members through the official SWA website and/or official Supreme Wealth Alliance publications. Amendments are effective and binding upon submission to the Supreme Wealth Alliance website. In the event any conflict exists between the original documents or policies and any such amendment, the amendment will control.
11.09 NON-WAIVER PROVISION
No failure of Supreme Wealth Alliance to exercise any power under these Policies & Procedures or to insist upon strict compliance by Member with any obligation or provision herein, and no custom or practice of the parties at variance with these Policies & Procedures, shall constitute a waiver of Supreme Wealth Alliance's right to demand exact compliance with these Policies & Procedures. Supreme Wealth Alliance's waiver of any particular default by Member shall not affect or impair the rights of Supreme Wealth Alliance with respect to any subsequent default, nor shall it affect in any way the rights or obligations of any other Member. No delay or omissions by Supreme Wealth Alliance to exercise any right arising from a default effect or impair the rights of Supreme Wealth Alliance as to that or any subsequent or future default. Waiver by Supreme Wealth Alliance can be affected only in writing by an authorized officer of Supreme Wealth Alliance.
11.10 ENTIRE AGREEMENT
If under any applicable and binding law or rule of any applicable jurisdiction, any provision of the afore-mentioned Agreement, including these Policies & Procedures and Terms & Conditions, or any specification, standard or operating procedure which Supreme Wealth Alliance has prescribed is held to be invalid or unenforceable, Supreme Wealth Alliance shall have the right to modify the invalid or unenforceable provision, specification, standard or operating procedure or any portion thereof to the extent required to be valid and enforceable, and the Member shall be bound by any such modification. The modification will be effective only in the jurisdiction in which it is required.
11.12 LIMITATION OF DAMAGES
To the extent permitted by law, Supreme Wealth Alliance Philippines Inc. and its Members, officers, directors, employees and other representatives, shall not be liable for, and Member hereby release the foregoing from, and waive any claim for loss of profit, incidental, special, consequential or exemplary damages which may arise out of any claim whatsoever relating to Supreme Wealth Alliance performance, nonperformance, act or omission with respect to the business relationship or other matters between any company and Supreme Wealth Alliance, whether sounding in contract tort or strict liability. Supreme Wealth Alliance shall not exceed and is hereby expressly limited to the amount of any commissions owed to the Member.
Any communication, notice or demand of any kind whatsoever which either the Member or Supreme Wealth Alliance may be required or may desire to give or to serve upon the other shall be in writing and delivered by electronic communication (if confirmed in writing sent by registered or certified mail, postage prepaid, return receipt requested). Any such communication, notice or demand shall be deemed to have been given or served on the date of confirmed dispatch, if by electronic communication, or on the date shown on the return receipt or by other evidence if delivery is by mail.
Note: This policy document along with all policy documents within our website must be reviewed and approved prior to use for your particular purpose. No statement of legality or compliance with any regulatory agencies is made in providing you with this document.
Whew! Thank you for taking the time to read.
Manny M. Viloria