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Yeah, its definitely possible (I own an affiliate network). Depending on how robust the tracking software your using is, you should have that option available.

Typical cut is a tougher question. What price are you thinking for as monthly subscription?

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probably around £50 - £100 / month

I'd say do something like this.

Flat rate on initial signup + % of every recurring payment after (this way you can get away with giving them a smaller percent than if you just did straight %)

$20 on Initial signup and payment + 15% of recurring payments.

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