This does not compute

[slotplayer]

Don't know how to take that post slotplayer... Hard to tell if your treating me like a moron (I do know the difference between GGR & NGR) or if your merely using that explaination to support your proceeding statement:



If it's the later my apologies.



Wiki refers to it also as grifting (he/she is a grifter - aka con artist)... Other references state... The snake-oil salesmen, grifters and classy scammers!

Sorry no, not at all. I don't think you're a moron, far from it. Please don't take any of my posts as an insult to your intelligence, but I can see that, its been done to me before.

 

[TheGooner]

6.5% cc transaction fee would be considered very high in most businesses. Gaming pays a premium due to the risk factor but would 6.5% be considered on the low side or is that the going rate for gaming?

A 6.5% fee in extremely high. Legitimate CC Rates can be as low as 1.0% to about as high as 4.0%

A fee of 6.5% probably means that the gaming company does NOT have a direct relationship with the credit card company.
Instead they are probably using a 3rd party merchant who has a clean (non-gambling) background and accepts the transactions and passes them on.
They'll be at 4.0% and will be charging the rest (+2.5%) as a "service" fee to the gaming company.

This is of course a complete breach of Mastercard / Visa rules, but there is always a willing list of processors for the grey market for moving money.

 

[slotplayer]

A 6.5% fee in extremely high. Legitimate CC Rates can be as low as 1.0% to about as high as 4.0%

A fee of 6.5% probably means that the gaming company does NOT have a direct relationship with the credit card company.
Instead they are probably using a 3rd party merchant who has a clean (non-gambling) background and accepts the transactions and passes them on.
They'll be at 4.0% and will be charging the rest (+2.5%) as a "service" fee to the gaming company.

This is of course a complete breach of Mastercard / Visa rules, but there is always a willing list of processors for the grey market for moving money.

Thanks G,
I pay 2.9% with Paypal, it used to be 2.3% but they discontinued the volume discount this year. I know a local business that pays 1.8% which is decent.

 

[Sha]

Today my stats,

Player revenue: $130

But since they offered an imaginary and no value virtual money bonus of $136, this entire bonus was deducted to the revenue.

Leaving me with a cool negative $2 earning. And, i mailed them.

Even if the player loses the entire bonus which was gifted to him, the deduction will still remain the same a negative total bonus amount gifted.

How is that even logical?

 

[AussieDave]

How is that even logical?

Easy, it's not.

Over the years I've been extremely vocal about bonuses and how they are imo, in some cases, being manipulated, to pay the affiliate less than they have rightfully earned.

Double Entry Book Keeping
Unless a player (who receives a bonus) actually withdrawal's that bonus as a cash payment, then otherwise it's returned (played back to the casino). If that's the case, it SHOULD be deducted from GGR, not NGR.

• Casino gives player $100 bonus;
• Player loses $100 bonus back to casino.

Neither casino, nor player are up/down $100.

Bonuses have been designed to screw players over, BUT also to screw affiliates over too. The question is, what casinos/programs choose to use this to their advantage.

 

[Sha]

Actually this is the reply I got.

"Yes, the full bonus amount is deducted when calculating your commission, regardless if the player loses the bonus."

So, they are upfront that any no value bonus is totally deducted from real value deposits - even if the entire bonus is lost back to casino.

 

[Casino-Matt]

Glad I stumbled upon this thread. Stumbled / Searching for reasons my lifetime revenue with these guys is so so so low. Income over 2.5 years = 5% of deposits. And pretty much every month it is consistently the same, 50 euro for every grand deposited. It's not like there's negative months in there, just a rock solid 5% every month.

Still it is better than the performance of the hundreds of iGC white labels who are truly awful awful performers in every department. Great looking casinos but why never any NDP players?

And yes, all their brands and all their white labels charge the players for every deposit and withdrawal they make.

 

[Jack Lee]

I make a lot at Guts on the few players I sent. 21 players last year and they are still playing. Cashing in average €500 per month. 25% admin fee seem okey for the return I get back. However, I seem to be paying around 50-55% in total fees every month. sucks, but I guess it cost to have a good retention.

 

[XenThe]

Well, Guts has insane fees, pay like 65% fees with them! However, they still convert.