The WA Credit System - Our Internal Currency at WA!

Last Update: March 02, 2016

Hi Everyone,

I hope that you are having a great week so far, hopefully it's about to get just a little bit better :) Today I want to introduce a significant update to WA and how our internal WA Credits are earned, used, and managed.

Wealthy Affiliate has always had a credit system, even back in the days when we were a keyword list website with a forum (2006-2007). Back then we called our credit system "WA Gold" and people could earn credits by performing certain actions within the platform. Well, we have reinvented our credit system as many aspects of WA rely on earning and using credits and I am really excited to tell you about it below!

WA Credits are Categorized into TWO Types

There are two types of credits at WA which are outlined below:

Cash Credits AND Community Credits

  • Cash Credits carry a USD Value of $0.50 each and can be cashed out.
  • Community Credits carry no USD Value, but they carry significant value within WA as they are used for systems like SiteFeedback and SiteComments.

How to Earn Cash Credits

1 - By referring others to WA you earn two credits when your referrals setup their image and description. We call these Cash Credits "Affiliate Credits" for clarity on the new Credit Dashboard. Anyone who has referred others to WA has earned these Affiliate Cash Credits before.

2 - When people that you refer to WA purchase a domain, you earn you two cash credits. These are added to your Cash Credit balance as you will see in the history table of your Dashboard.

3 - By creating training at WA, you earn Cash Credits when your training reaches certain "quality" levels. A specific number of likes, and views, and engagement within your training will earn you Cash Credits. Instead of your training credits going directly into your affiliate account, they are now added as Cash Credits. This gives you the opportunity to use the credits within WA if you wish.

4 - We have also introduced a highly requested feature that allows you to BUY Cash Credits. We have had so many people ask if they could purchase credits to use towards SiteFeedback or SiteComments. Now this is a possibility! You can purchase Cash Credits from your Credit Dashboard at any time and use them toward any credit system within WA!

Where to use Cash Credits?

Cash Credits can be used for anything within WA:

  • Cash Credits can be Cashed Out for USD through the WA Affiliate System
  • Cash Credits can be used to request SiteComments or SiteFeedback
  • Cash credits can be used to Register Domains using SiteDomains
  • More opportunities to come...

How to Earn Community Credits

If you use SiteComments or SiteFeedback, then you are already familiar with Community Credits because these are the types of credits you earn with you provide feedback or leave comments on other people's websites.

  • Community Credits are earned through offering SiteComments or SiteFeedback
  • Community Credits can be used towards SiteFeedback or SiteComment
  • There are also more opportunities to earn and use Community Credits to come...

As you may have noticed, you can now use your Community credits interchangeably between these systems.


Credit Dashboard

The Credit Dashboard can be browsed to from your profile image at the top of every page within WA. Choose "Credit Dashboard" from the drop down and you will be taken to your overview of all your credit activity within WA.

You can toggle between Cash and Community credit types to see your balances and your history of where you have earned and used credits. You can cash out your credits, buy credits, and manage all aspects related to your credits.

Here is the link directly ==> https://my.wealthyaffiliate.com/credits

Note to WA Affiliates: You can still cash out your Affiliate Credits from the Affiliate Stats page, however you can also do this from the new Credit Dashboard.

Affiliate Credits are a TYPE of Cash Credit. We've kept this separation so that it's clear to Affiliates what their credit balance is for referring others to WA. Affiliate Credits are Cash Credits and once you have reached the minimum quality threshold, they can be used as cash credits within any Credit System in WA.

For example, you can now use your Affiliate Credits to request comments on your website, or register domains!


We Have BIG Plans for WA Credits

WA Credits are going to become more and more integrated into areas of WA and we have big plans and uses for them. In the coming months (and later this year), you will see our internal currency built into many aspects of WA. This is truly something that we are extremly excited about!

I expect that there will be some questions that I haven't answered in this post, so I look forward to hearing them along with your feedback.

Carson

Join the Discussion
Write something…
Recent messages
Gaylon Premium
I viewed this the other day when I got the update notice and thought it was another great innovation. More ways to earn. Thanks Carson for all you do. ~Gaylon
Reply
Carson Premium
Glad you've had a chance to see the Dashboard Gaylon!
Reply
boomergp08 Premium
Awesome Carson! Questions. When you said...

"Instead of your training credits going directly into your affiliate account, they are now added as Cash Credits. This gives you the opportunity to use the credits within WA if you wish."

are you saying that they will no longer appear in the "My Revenue" section of the My Stats screen? And if not, they will only be displayed in Cash Credits?

Now if it is the latter, is there a minimum threshold for cashing out Cash Credits like there is for Affiliate Credits?
Reply
Carson Premium
Hey Rob,

Great questions, I'll answer below

Your Question: "Are you saying that they will no longer appear in the "My Revenue" section of the My Stats screen? And if not, they will only be displayed in Cash Credits?"

Answer: They will no longer appear in the "My Revenue" section of the My Stats screen until you cash them out from your Cash Credit Dashboard. At that point they will show up as "My Revenue". As you can see, we've now given folks a new opportunity to use these Credits within WA if they wish, otherwise they can choose to cash the out as normal.

Secondly, there is a minimum threshold of $10 to cash out your Training Cash Credits, but this is the same minimum threshold to receive Affiliate Payments, so this doesn't place any new stipulations to receive a payment.

Carson
Reply
boomergp08 Premium
Cool Carson! Sounds great!
Reply
Never in my wildest dreams, when I first saw WA in 2009 and finally joined on January 1, 2010, would it ever get better - and definitely to the incredible extent that it has over these six years!

The day I saw WA for the first time, I had no hesitation or skepticism about it - I knew great value when I saw it then - and what happened here since is beyond belief - and shows what one can do when they put their heart and soul into something they love.

The lives WA has touched is innumerable and I'm sure when you started this as a keyword list site beyond any other, you yourselves never dreamed it would ever come to this point and the fortune it would bring.
Reply
Carson Premium
Powerful words Daniel and to hear them from someone like yourself who has been with us for 6 years is really amazing! It's an awesome feeling to hear that the direction we have taken WA and the 100's of updates we've done over the years has had an impact on you. Thanks for the feedback, you've made my day!
Reply
@ Carson: Yeah, I was probably one of the last ones on here to still have WA Golds, all the way down to when the OEP rolled out. What I really like about WA is seeing the same basic lay-out continue on through all the years, yet every single thing, + the additions have been improved upon, including the WA Golds as they exist now, in the form of credits!

If we had WA as it was in 2010 right now, it would still outdo everything that's out there, so all the more blessed we are with what we have now...
Reply
smokeywins Premium
Awesome info! Its so great to see all the changes for the good!
Reply
Carson Premium
Thanks for chiming in Jennifer!
Reply
Jennifer! I'm so happy to see you still here :) How's things been going with you?
Reply
smokeywins Premium
Around the bend and back again. Been a trying few years. But back at it full force to finally make this work so I don't have to have a "job" anymore.
Reply
Carson Premium
Awesome to hear that you've back at it full force Jennifer. You can ABSOLUTELY take your online biz to any level that you wish - I look forward to helping out in any way I can. Stay in touch and just GO FOR IT :)
Reply
I am so glad to hear you got rid of that IT job. I know you hated it and there's nothing worse than having to do something and go somewhere every day that you don't like.

I no longer work myself, except with a specific person. I wish I could say that the income replacement was online income, but I can say that some of it has been and still is.

I too am gearing up and optimizing my circumstances so they are better suited to my needs and be able to finally take off with it. I know it can happen because of that one sales spike I had during 2012. I know for a fact that it can and will happen again. My recurring sales here have never ended since that happened, and this means it has been unbroken with income every month!

The power of recurring residual income beats earned income all the way!
Reply
TonyHamilton Premium
Awesome Carson!

Thank You, Kyle and the entire WA Community!

WA gets better all of the time and I am amazed at the improvements in the just over 8 months that I have been involved with the WA Community.

To all of our success!

Tony
Reply
Carson Premium
Hi Tony, We're extremely happy to officially re-introduce the WA currency to the community. Its a vital aspect of many of the systems we currently have (like SiteComments and SiteFeedback), and it's provided us with the underlying platform that we will be utilizing movie forward. 2016 is just getting started, we have the most ever planned in a calendar year :)
Reply
TonyHamilton Premium
Awesome Carson,

I have just a few minutes ago purchased WA currency to view it in action. I look forward to all of the other awesomeness in our future at WA.

Thank You,

Tony
Reply
Carson Premium
I see the purchase, nice work! For a lot of folks, I think it's going to be really powerful to use Cash Credits towards SiteComments. Thanks for the feedback (and test) Tony :)
Reply
Top