How Cashback Works with Usage
Usage's cashback feature is designed to provide financial protection and added value when using the Flex Commitment Program. Here’s how it works:
1. How Cashback is Calculated
At the end of each month, Usage calculates any losses incurred from Flex Commitments. A loss occurs if the cost of a commitment exceeds the on-demand rate for the same usage.
- Example: If a commitment results in $100 more than what you would’ve paid on-demand, that $100 is considered a loss.
2. Cashback Payout Process
- Accrual Period:
The calculated loss amount is accrued and tracked in your account. - Payout Timeline:
To reduce frequent money transfers and optimize transaction efficiency, cashback is paid out 90 days after it accrues. This allows Usage to reconcile all data accurately and streamline payouts. - Payment Method:
Cashback is paid directly to your preferred bank account via Wire Transfer, ensuring secure and reliable transactions.
3. Tracking Your Cashback
You can track your accrued cashback and payment status directly in the Usage dashboard under the ‘Billing’ tab. This provides transparency, so you always know:
- How much cashback you’ve earned
- The status of pending payouts
- Historical cashback records
Why This Matters
The cashback feature helps mitigate risks associated with cloud commitments. Even in cases of unexpected usage drops, Usage's cashback ensures that your costs are balanced, giving you financial peace of mind alongside your cloud savings.
