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Virgin have drastically changed their revenue sharing plan to a base revenue of 35%. This is not necessarily a bad thing, but it is very noteworthy.
UPDATED TERM, Commissions, Casino & Poker
8.1. Casino commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Revenue generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The referral percentage on Net Revenue generated by the Players referred to our Services by you is detailed below:
Monthly Net Revenue Commission
from £0 to £25,000 30%
from £25,001 to £50,000 35%
from £50,001+ 40%
For example, if the Monthly Net Revenue generated by your Players is £60,000, you will receive:
£25,000 @ 30% = £7500
£25,000 @ 35% = £8750
£10,000 @ 40% = £4000
Total = £7500 + £8750 + £4000 = £20,250
8.2. Poker commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Rake generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The referral percentage is up to 40% of Net Rake generated by the Players referred to our Services by you :
Monthly Net Rake Commission
from £0 to £2,500 30%
from £2,501 to £5,000 35%
from £5,001+ 40%
As an example, if the Monthly Net Rake generated by your Players is £6,000, you will receive:
£2,500 @ 30% = £7500
£2,500 @ 35% = £8750
£1,000 @ 40% = £4000
Total commission = £7500 + £8,750 + £4000 = £2,025.
UPDATED TERM, Commissions, Casino & Poker
8.1. Casino commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Revenue generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The standard referral percentage on Net Revenue generated by the Players referred to our Services by you is 35%, unless otherwise agreed. A total Monthly Net Revenue figure of 50,000 and above will automatically qualify you for a 5% referral percentage rate increase, unless otherwise agreed.
8.2. Poker commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Rake generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The standard referral percentage on Net Rake generated by the Players referred to our Services by you is 35%, unless otherwise agreed. A total Monthly Net Rake figure of 5,000 and above will automatically qualify you for a 5% referral percentage rate increase, unless otherwise agreed.
Summary:Virgin is changing the way they do revenue sharing plans. A base 35% may or may not help you out, so speak with your affiliate manager today if this adversely affects you.
Virgin Affiliates Terms Update - Revenue Sharing
UPDATED TERM, Commissions, Casino & Poker
8.1. Casino commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Revenue generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The referral percentage on Net Revenue generated by the Players referred to our Services by you is detailed below:
Monthly Net Revenue Commission
from £0 to £25,000 30%
from £25,001 to £50,000 35%
from £50,001+ 40%
For example, if the Monthly Net Revenue generated by your Players is £60,000, you will receive:
£25,000 @ 30% = £7500
£25,000 @ 35% = £8750
£10,000 @ 40% = £4000
Total = £7500 + £8750 + £4000 = £20,250
8.2. Poker commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Rake generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The referral percentage is up to 40% of Net Rake generated by the Players referred to our Services by you :
Monthly Net Rake Commission
from £0 to £2,500 30%
from £2,501 to £5,000 35%
from £5,001+ 40%
As an example, if the Monthly Net Rake generated by your Players is £6,000, you will receive:
£2,500 @ 30% = £7500
£2,500 @ 35% = £8750
£1,000 @ 40% = £4000
Total commission = £7500 + £8,750 + £4000 = £2,025.
UPDATED TERM, Commissions, Casino & Poker
8.1. Casino commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Revenue generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The standard referral percentage on Net Revenue generated by the Players referred to our Services by you is 35%, unless otherwise agreed. A total Monthly Net Revenue figure of 50,000 and above will automatically qualify you for a 5% referral percentage rate increase, unless otherwise agreed.
8.2. Poker commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Rake generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The standard referral percentage on Net Rake generated by the Players referred to our Services by you is 35%, unless otherwise agreed. A total Monthly Net Rake figure of 5,000 and above will automatically qualify you for a 5% referral percentage rate increase, unless otherwise agreed.
Summary:Virgin is changing the way they do revenue sharing plans. A base 35% may or may not help you out, so speak with your affiliate manager today if this adversely affects you.
Virgin Affiliates Terms Update - Revenue Sharing
