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May
11


It has been clarified that there will be conversions from Euro to USD for wire payments to US currency.

TERMS UPDATE, COMMISSIONS. US WIRE PAYMENTS

COMMISSION PAYMENTS Commission payments by wire transfer will be processed in EUROs and are subject to a USD to EURO conversion based on the monthly exchange rate issued by the Austria National Bank.


Summary: Currency conversions are a fact of life in this biz, but be aware of the clause at Tower so that you know when the currency is converted and why the end result is what you see.
Dec
7
Title:Tower Affiliates Wire Payment Currency ConversionDate:December 7, 2009 9:31 am


Tower Affiliate payments (paid by wire) will be paid in Euros and subject to a currency conversion cost.

TERMS UPDATE, COMMISSIONS, WIRE PAYMENT

COMMISSION PAYMENTS Commission payments by wire transfer will be processed in EUROs and are subject to a USD to EURO conversion based on the monthly exchange rate issued by the Austria National Bank .


Summary:Currency Conversion applies to Wire Payments. If you receive wire payments, please check with Tower Affiliates to find out how much this will cost you per transaction.
Dec
2
Title:Tower Affiliates change wire feeDate:December 2, 2009 4:16 pm


Tower affiliates have made changes to their wire payment fee.

TERMS UPDATE, COMMISSIONS, WIRE PAYMENT

OLD TERMS:

The Minimum Payment for Affiliates from the United States is $500.

NEW TERMS:

There is a $500 minimum payment for Affiliates who choose the wire transfer option. A $50.00 process fee will be deducted from affiliates that require a wire transfer.



Summary:This is a simple update of processing fees.

Feb
27
Title:Tower Affiliates Changes Affiliate Payment DateDate:February 27, 2008 7:02 am


Tower Affiliates makes changes to their details page to alter the payment date for affiliate payments
Change #1 – Category: AFFILIATE PAYMENT (PROGRAM DETAILS PAGE)

  OLD INFORMATION
Commission Payment Details Payment Frequency: You will be paid during the first week of every month for all referral commissions received throughout the previous month.

  NEW INFORMATION
Commission Payment Details Payment Frequency: You will be paid by the 15th of every month for all referral commissions received throughout the previous month.

SUMMARY: Nothing major – a change in when affiliate payments are made from the first week of the month to the second week of the month.  T

Feb
15


This is a drastic change by Tower Affiliates in our opinion.  The minimum payment for US affiliates is VERY large and may not be worth your time to promote them.

Change #1 – Category: Minimum Payment for Commissions

OLD
Minimum Payments – The Operator will hold all referral commissions until the total amount due is at least $50, or until the Agreement is terminated.

NEW
Minimum Payments – The Operator will hold all referral commissions until the total amount due is at least $50, or until the Agreement is terminated.  The Minimum Payment for Affiliates from the United States is $500.

OUR SUMMARY: It appears that Tower Affiliates have changed the minimum payment for commissions such that any US affiliate must have at least $500 in commissions owed prior to receiving payment.  This is really crappy of them, IMO, and I would think many affiliates will just stop promoting them.

Jan
24


Tower Affiliates have added a new term to both their Terms and Conditions page and the Affiliate Agreement page. This term relates to RakeBack for poker affiliates

Change #1 – Category: Commissions

NEW
(viii) Affiliates may not promote Rake Back or any variation of the term Rake Back or insinuate that SITES offer Rake Back.

OUR SUMMARY: This is nothing new or worrisome.  Many poker affiliate programs are beginning to implement this exact phrase into their terms.  Rakeback tends to lessen the profit everywhere and really only reduces commission for the affiliates

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