Sub-merchants are the merchants who get onboarded on the Razorpay platform by a Partner. For example, Acme wants to provide an order management solution for its client company "Gekko". In this scenario, "Gekko" is Acme's sub-merchant.
Once onboarded, sub-merchant accounts (affiliate accounts) must be activated to start collecting or disbursing payments.
You can invite your affiliate partners/sub-merchants directly using the Razorpay Dashboard. You can also encourage businesses to sign up for Razorpay products by sharing referral links on social media and instant messengers.
There are 2 ways to refer sub-merchants: