Mr. Ringo Affiliates - Terms Changes - April 2016

Discussion in 'Casino Industry Buzz and Terms Alerts' started by Guard Dog, Apr 26, 2016.

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    Guard Dog

    Guard Dog Guard Dog Staff Member

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    Apr 26, 2016
    Mr. Ringo Affiliates have changed the following terms:

    6.3 In the calculation of Net Revenue, when a New Depositor account results in a negative balance for the Affiliate, due to New Depositor winnings and/or bonuses etc, the said balance will not be carried over to the next month, unless the deal has been adjusted to a no negative carry over reward plan, which must be approved by the Head of the Affiliate program in which case, any . Any negative Net Revenue will be set to zero at the beginning of each month. Bonus cost share: Affiliate will also be charged the 25% of the bonus that his players take. This means that if a player has received 100EUR bonus, the 25% (25EUR) will be deducted by the affiliates net revenue. *Figures shown in the bonus section represent 25% of the total bonus cost. i.e: if a partner has 100 EUR bonus cost in total, he will see 25 EUR allocated in his affiliate account. **Bonus cost is deducted based on the assigned product, that the partner has revenue share commissions. i.e: if a partner has only Sportsbook commission, then only SB bonus cost will be deducted from his monthly commissions. ***Sportsbook bonus data are shown in the Casino section (due to system/backoffice functionality). Calculations are processed according to relevant affiliate models and any adjustments will be done on a monthly basis, if deemed necessary. Note: If a partner has only Sportsbook commission he will also have 0% commission for Casino product in his affiliate model, in order to be able to monitor his users' SB bonuses.
     

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