Except that for the UK affiliate marketing industry at least - the commission is paid for converted visitor traffic. In the scenario that you describe, you are not providing any traffic to the merchant site, merely some information and possibly some branding. Now I agree that the sort of advertising that you are doing for the merchant can have value (increased product/brand awareness etc) but that is not what is being incentivised as part of their affiliate program.
If the merchant provides a separate incentive scheme that pays out on a post-impression basis, then the affiliate in the scenario you describe could be rewarded in that way - but most merchants running affiliate programs are doing so for converted visitor traffic, not to increase their brand/product awareness.
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