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Superiorshare adds progressive clause to their terms as expected from many rival operators.
Progressive Jackpots Contributions
As a Superior Share affiliate , you will share the progressive jackpot contributions at the revenue share percentage set in your account . Upon a completed cash out , the affiliate will receive credit to offset the withdrawal after the affiliate’s portion of the seed is accounted for . As soon as the progressive win balance reaches 10 % or less of the jackpotwon , ALL our affiliates will receive their proportional share of the loss . All Jackpot losses , from any players that hit any of our Jackpots will be distributed Prorata to all affiliates within our program . Once again , according to your proportional rate of contributions within our Casino .
Please note that the Prorata system , gives credits for player losses back to all affiliates of our casino . This prevents the lottery of one affiliate reaping all of the progressive contributions from a win . System Explanation : As a Superior Share affiliate you will share in the deductions at the revenue share percentage set in your account . Example : Player A wagers $ 100 into Major Moolah machine , your contribution will be $ 100 x 5 % ( Game contribution % ) x 30 % ( Your commission rate ) = $ 1.5 in contributions
When a jackpot is hit and cashed out , your account will receive credit to offset the withdrawal after the portion of the seed is accounted for* . As soon as the the progressive win balance reaches 10 % or less of the jackpot win , all our affiliates will receive their proportional share of the loss .
* Please note that if a player Wins the jackpot and doesn’t cash out You WILL NOT BE charged for the Seed amount . On the other hand , if the player actually cashes out , this will be deducted as normal cash out and will be considered within commissioncalculation .
Superiorshare have updated their terms and conditions to increase the minimum payment by wire from $1000 to $2500.
Payments are made 15 business days after the close of the preceding month.* Payments are effected by: Ecocard/UseMyWallet/Neteller/Moneybookers/Ewallet Express/Wire Transfer and into affiliate’s casino account. It is the responsibility of the affiliate to select the method of payment. Unless otherwise stipulated all paymentswill be made by Check. Minimum Payout for Bank wires is $1000 $2500 and as of May.15.07 there will be a minimum payout amount of $100 to be eligible to receive a payment (monthly or accumulated) on all affiliate accounts.
Superiorshare Affiliates have updated their payment methods as well as changing their payment date by 10 days (however, the 15th was always when they paid anyway).
Payments are made 5 made15 business days after the close of the preceding month.* Payments are effected byNeteller, Money Transfer, Check, : Ecocard/UseMyWallet/Neteller/Moneybookers/Ewallet Express and into affiliate’s casino account.
Visit the Superiorshare Forum for quick responses to any questions you have relating to the Superiorshare Affiliate Program.
Superiorshare have revised their Terms and Conditions to show that their Jurisdiction is now Cyprus instead of Costa Rica.
Change #1 – Category: Jurisdiction
OLD
Miscellaneous Governing Law Jurisdiction This Agreement will be governed by the laws ofCosta Ricawithout reference to rules governing choice of laws. Any action relating to this Agreement must be brought inCosta Ricaand you irrevocably consent to the jurisdiction of its courts.
NEW
Miscellaneous Governing Law Jurisdiction This Agreement will be governed by the laws of Cyprus without reference to rules governing choice of laws. Any action relating to this Agreement must be brought in Cyprus and you irrevocably consent to the jurisdiction of its courts.
OUR SUMMARY: Superiorshare is just revising the terms and conditions appropriately now that they have moved Jurisdictions. This is a good thing as it shows they are moving forward after recent laws.
Our Terms Alert System has notified us of minor changes to the Terms and Conditions at Superiorshare:
Quote:
| Originally Posted by OLD Terms
Payments are made 5 business days after the close of the preceding month. Payments are effected by Neteller, Money Transfer, Check, and into affiliate’s casino account. It is the responsibility of the affiliate to select the method of payment. Unless otherwise stipulated all payment swill be made by Check. Minimum Payout for Bank wires $200, for ACH $100 and no minimum payout on casino account payments. |
Quote:
| Originally Posted by NEWTerms
Payments are made 5 business days after the close of the preceding month.* Payments are effected by Neteller, Money Transfer, heck, and into affiliate’s casino account. It is the responsibility of the affiliate to select the method of payment. Unless otherwise stipulated all payments will be made by Check. Minimum Payout for Bank wires $1000 and as of May.15.07 there will be a minimum payout amount of $100 to be eligible to receive a payment (monthly or accumulated) on all affiliate accounts. ACH coming soon. * Dear business partners, given the current processing hardships the industry is going through, we are committed to meet these terms, unless it is strictly inevitable to adjust payment dates when necessary. We will, however, hit this mark if processing is stable. Thanks for your understanding. Please contact our affiliate manager if you have any questions: will@superiorshare.com |
Our Analysis: This is a good faith effort by Superiorshare to deal with industry processing trends, HOWEVER, I believe the bank wires minimum payout is a bit ridiculous.
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