Betting Partners - How do YOU get paid?

[admin]

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[Holmes]

There must be an all-in-one, wallet, exchange, atm card/wires. Typically bundled packages are the least expensive.

Coinsbank
But I have no experience with them.

 

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[Holmes]

Now that betting partners will only pay in BTC, does anyone know of a quick and cheap way to transfer funds from bitcoin wallets to Skrill or a Bank account?

Always add a country/in US state where you are in. Answers differ based on location.

 

[Holmes]

Not sure why they can't use the same one every month. I think it would be better for affiliates
to just use one and then label it as such, so that they know all payments to that Bitcoin address
are coming from Betting Partners. I've been bringing myself up to speed on Bitcoin lately.

Because it is the basic security of using bitcoin. Bitcoin transactions are written into blockchain and with duplicite transactions many potencial troubles can emerge. Even bigger threat it is when you realize that any transaction is public. Anytime can be bp wallet flagged as gambling. Then you are flagged as dealing with gambling. Then you are the one in troubles in US exchanges. Bitcoin is pseudonymous. It means it can be anonymous or transparent. Not changing addresses is exactly the way how to be transparent. Like it or not, but we are dealing with gambling, so we do not want to be transparent.

 

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[KasinoKing]

paypal and the gambling industry? or is this just post count hitting?

Several UK facing casinos (mainly those attached to sports bookmakers) do accept PayPal:
EG: Ladbrokes, Will Hills, 32Red, etc...

So no, he wasn't joking.

KK

 

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[Frank]

Several UK facing casinos (mainly those attached to sports bookmakers) do accept PayPal:
EG: Ladbrokes, Will Hills, 32Red, etc...

So no, he wasn't joking.

KK

I always thought paypal was anti vice anything.. gambling, porn etc?

 

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[BetOnlineUK]

I recently signed up to Betting Partners, unaware that they pay with bitcoins. I always thought it was pretend money something you would use to buy things in games etc... I am really looking forward to my first experience in trying to get it back to cash. Looks a nightmare.

 

[RyanWeb]

Just curious, has anyone gotten their first BTC payment from Betting Partners yet? I read in an email that they should be 'paid in full' by the 10th.. Nothing yet here.

 

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[justbookies]

Not paid, but aware of a post elsewhere that someone else has been.

 

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[WCD Admin]

Yes, I've been paid by them a couple times by BTC. Also for those trying to cash it out, I looked into Kraken which BP suggested, was able to get a tier 3 account rather quickly from which I can deposit btc and withdrawal in numerous currencies. Little complicated looking, but rather simple. btw, I'll buy anyones bitcoin for discounted rates ... if you got your bits for less than $500 or want to get rid of them for $500 let me know.

 

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[LandofOz]

I haven't been paid yet. I will hopefully get paid this week.

 

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[RyanWeb]

Yes I mean did anyone get this months payments yet..? Mainly due to the worth shooting way up since Friday, and it keeps going.

 

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[AussieDave]

the worth shooting way up since Friday, and it keeps going.

Glad I don't promote them... You'd have to wonder if they're just sitting there, on payments, waiting for the value to drop...before they start paying. It's not like US$ etc where it might fluctuate a few cents... We're taking literally 100's of dollars. It's now reach for $700US.

 

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[slotplayer]

Glad I don't promote them... You'd have to wonder if they're just sitting there, on payments, waiting for the value to drop...before they start paying. It's not like US$ etc where it might fluctuate a few cents... We're taking literally 100's of dollars. It's now reach for $700US.

While the coins are fractional so if you were owed $2100 you'd get 3 coins @$700 but if the coins were $350 you'd get 6 coins. Still $2100 worth though. The delay could be either be a fee savings or they can't get enough coins.

 

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[Engineer]

My personal hunch is that they would just prefer not to pay their affiliates at all.

For affiliates with bank accounts outside the US, wire transfer is a very workable solution -- yet BP refuses to do that anymore.

I'm not anti-bitcoin; I just think it's suspicious that a large, supposedly reputable company is choosing to pay only by bitcoin.

BP is not affiliate-friendly. Here's more proof:

In order to be entitled to the Revenue Share based on Net Revenue, all Affiliates are required to generate not less than three (3) minimum Affiliate Players in any rolling 6-month period. In the event that an Affiliate does not generate at least three such Affiliate Players, such Affiliate’s entitlement shall drop to 10% of all applicable Net Revenue for such Affiliate Players.

Quotas + limited payment methods + negative carryover = no thanks.

 

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[slotplayer]

My personal hunch is that they would just prefer not to pay their affiliates at all.

For affiliates with bank accounts outside the US, wire transfer is a very workable solution -- yet BP refuses to do that anymore.

I'm not anti-bitcoin; I just think it's suspicious that a large, supposedly reputable company is choosing to pay only by bitcoin.

BP is not affiliate-friendly. Here's more proof:

Quotas + limited payment methods + negative carryover = no thanks.

I share the same sentiment. Makes me wonder if they know something is coming down the pike.

 

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[slotplayer]

its like a stock now

 

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[Guard Dog]

its like a stock now

Let me further clarify that statement.... it is like a PENNY stock now. Many stocks are stable. Bitcoin is volatile in it's valuation.

 

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[Mad Dog]

I have been a Bovada affiliate for years. I get low 4 figures each month and liked the wire option. What I see happening is Betting Partners gaming the system. They were supposed to pay by the 10th according to the affiliate email they sent out telling everyone they were going to Bitcoin. They still haven't paid.
Take a look at the new terms they put out for Bitcoin. Now the exchange rate is set to the PREVIOUS days rate. Which means they get to cherry pick the rate they use for affiliates. If the rate keeps going up why pay? They are just banking all of the Bitcoins they would have had to send affiliates
June 1 rate $536
June 10 rate $579
June 13 rate $675

Every affiliate just lost 20% of their income. It is a shame. I like Bovada as a customer but now I am going to be forced to stop putting up anymore links and promote others.

 

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[slotplayer]

Let me further clarify that statement.... it is like a PENNY stock now. Many stocks are stable. Bitcoin is volatile in it's valuation.

How true that is.
I just received my btc's less than an hour ago. Wasn't big money but it dropped about $7 bucks according to Electrum since I got it. Electrum does not seem to match the btc ticker price, so maybe Electrum does not update in real time.

 

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[Mad Dog]

This is from the email Betting Partners sent out to affiliates notifying us of the change to Bitcoin only payments

"Although this payment method may be new to you, rest assured, it's very easy to use and we ask that you start getting to know the product so that May's commissions are paid in full by June 10, 2016. As we approach the cut-off date, you'll receive all the relevant information, including visual step-by-steps instructions and a video tutorial."

On June 10th the Bitcoin rate was $579. Think how much money they made this weekend by not paying us on time.

 

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