Equibles pays 30% of collected subscription revenue, for life

What Equibles is

Equibles sells stock market data: verified market feeds, SEC filing insights, earnings call intelligence and financial APIs. The stated audience is investors, analysts and, notably, AI agents, which puts it in the growing group of data providers selling to software as much as to people. It is a subscription product, and the affiliate program pays on that subscription revenue.

The program at a glance

No cap and no expiry puts it in a small group

The terms state there is no first year cap and no expiry date while both accounts remain active, which makes this one of the minority of programs that genuinely pays for the life of the customer rather than stopping at twelve months. We counted this across the whole directory in our lifetime versus twelve month study, and uncapped terms turn out to be the exception rather than the norm.

That matters more than usual for a data subscription. Analysts and funds do not casually swap market data providers, because feeds get wired into models, dashboards and workflows that other people depend on. High switching cost means long retention, and long retention is the only thing that makes an uncapped rate worth more than a bigger capped one.

Read the word collected

The commission is 30% of subscription revenue actually collected, explicitly excluding taxes, refunds, credits, chargebacks and disputes. That is a fair and normal definition, but it is doing real work in that sentence. You earn on money that stays with the company, not on money that was merely invoiced, so a refunded month pays you nothing and a chargeback claws back what was already credited.

Add the 30 day pending period before a commission is approved, and the practical timeline is that a sale today becomes approved money next month and reaches you the month after, once you clear the $100 minimum.

The reader discount does useful work

Referred customers get 10% off for as long as they stay subscribed, not merely for a first month. On a professional data subscription that is a real ongoing saving rather than a token, and it gives your audience a concrete reason to use your link instead of going direct. It also aligns the incentives: a discount that persists encourages the customer to stay, and your commission depends entirely on them staying.

Who should promote it

This is a narrow but valuable audience: investing and finance writers, analysts publishing research, fintech and quant newsletters, and increasingly developers building trading tools or AI agents that need a financial data source. The API angle is worth targeting specifically, because a developer choosing a data provider is making a long term architectural decision rather than a casual purchase, which is exactly the customer an uncapped recurring commission rewards.

It will do nothing in front of a general audience. Nobody buys professional market data on impulse.

The honest read

Ungraded for now, because a grade follows cleared payments over time and this listing is new. Three things to weigh. The audience is small, so this is a low volume program however well you write. The $100 minimum combined with a 30 day hold means the first payout is slow to arrive. And the commission is tied to collected revenue, which is correct practice but means your reported earnings and your paid earnings will not always match.

Against that, 30% with no cap and no expiry on a product with genuinely high switching costs is a strong long term structure, the 90 day cookie is generous for a considered purchase, and the persistent customer discount helps both conversion and retention at the same time.

Common questions

How much does the Equibles affiliate program pay? Thirty percent of collected subscription revenue on every renewal, with no first year cap and no expiry while both accounts remain active.

Is the Equibles commission really lifetime? The terms state no first year cap and no expiry date, so it continues while the referred customer stays subscribed. As with any program, the merchant can still change the terms themselves, so uncapped describes the duration rather than a guarantee.

What does collected revenue mean? Commission is calculated on money the company actually keeps, excluding taxes, refunds, credits, chargebacks and disputes. A refunded or disputed payment does not earn, and can reverse a commission already credited.

How and when does Equibles pay? Monthly by PayPal or Wise, within 30 days of month end, once your balance passes $100. Each commission also sits pending for at least 30 days before it is approved.

Do referred customers get anything? Yes, 10% off for as long as they remain subscribed, which is an ongoing discount rather than a first month promotion.