AM's, everyone - How do we get paid?

Discussion in 'General Casino Affiliate Area' started by Guard Dog, May 26, 2011.

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    casinobonusguy

    casinobonusguy Affiliate Guard Dog Member

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    I use to get paid via check from a couple Microgaming casinos and they charge courier fees $35.00 ,that was about 5 years ago before i got Money Bookers.
    I pay $40 to do a wire from my CANADIAN Business bank acct , I think many of you assume business fees are same as personal fees. I pay a $35 fee to Bright Share when they wire me and honestly I expect it as if i had thousands of payments @ $40 each I would want my money covered too.Many of you are acting like the casino programs are pocketing money on this , that is the reality of business costs.

    DOJ is turning up the heat and these programs don't want to go to jail ,self preservation HAS to be rule #1 right now.I certainly hope you guys are all paying your taxes and keeping good records because IMO taxes is going to be the big issue when we get to the other side .If you have winnings and earnings from commissions you have been hiding in ewallets over the years I have a feeling that DOJ is going to be going through all these records ,that is common sense why they asked the poker rooms to get social security numbers of the players.Pay your taxes ,write off the banking fees and if you have smaller payments get the programs to agree in writing they will not subject them to future losses if you elect to let the earnings build up and get paid every few months via wires.
     
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    bonustreak

    bonustreak Administrator Staff Member

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    Nobody was ever bothered with when Neteller went down and all got their money. As Dave mentioned it is not illegal to run a marketing business in the states that deals with out of the country companies it happens every single damn day on Wallstreet and all over the US! There is absolutly no reason why Spiral Solutions cannot pay affiliates in the US.

    I did talk to a few peps in Dublin and I was told that a solution is being worked on as well as a solution for us to be paid for the Level 11 fiasco of our US player base. I think they were sincere and I will give them time to get this in order but not months, I give them a few weeks!

    I know Intercash has a deal with CAP members to get a card, hope it is okay to say there Andy if not please feel free to move. Only thing is not many programs use this at the moment but there are a few RTG's that are going to be using it soon.

    If you do not have an LLC I highly suggest you take a few hundred and get one asap, you can get paid so much easier on this PLUS you save on taxes!

    Pay your taxes peps, keep records and run a legit biz and you have no worries. We also know the IRS will allow you to go back 2 yrs to ammend your taxes as well to pay if you need to do so. Don't get scared just cover your asses and be legit.
     
    Last edited: Jun 1, 2011
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    casinobonusguy

    casinobonusguy Affiliate Guard Dog Member

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    Yes there are things in the works which hopefully will take care of things in the short term.e have similar things in Canada where you can do adjustments without too much penalty ,it is better to get all your things together and do it on your terms then on IRS terms.There are many advantages to having a business that off set the accounting expenses to run one.
     
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    Online18Casino

    Online18Casino Affiliate Guard Dog Member

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    Affiliate Edge - ACH Payment: "Please note, a 7% fee applies max transaction amount $4000 "

    Thats a very high fee of about $280 for my ACH payment this month :(

    As for check:

    "Please note a $50 processing fee applies.
    Max check amount of $2,500"
    Per check? thats still $150 in fees...

    I made a little over 4k with AE and this knocks my rev share down about 7% using ach. The AE program is great, and im not one to complain but I dont think what to think about this...
     
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    casinobonusguy

    casinobonusguy Affiliate Guard Dog Member

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    IMO to charge % to send payment not the right way to do it .
     
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    Elliott

    Elliott Focal Click Rep

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    A question for Affiliate Guard Dog and Moderators, Wouldn’t it be a great edition if you could show which affiliate programs cover the cost of processing fees for bank wires and so forth? Maybe this information could be shown in the information box in each programs sub forum?

    Also just to note, Focal Click doesn’t charge its registered affiliates monthly processing fee’s when withdrawing via wire, obviously there’s a charge but its covered by the affiliate program and not taken from your affiliates earnings.

    Cheers,
     
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    casinobonusguy

    casinobonusguy Affiliate Guard Dog Member

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    Probably would be ok to make a list but IMO it will not affect my decision either way to deal or not to deal with the ones that do charge.
     
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    Rhondagrace

    Rhondagrace gotaslotonmymind

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    Hi,

    It's too bad casino coins is shutting down. they never charged me a fee for checks or wires. same thing with BCP. these were a couple of my best performers. makes me sad as an affiliate and a player, as I really enjoyed playing there slots and tournaments :emoticon-0106-cryin anyway, a few respected programs that have not charged me a fee for checks.

    Genesys Affiliates

    Slotland Affiliates

    There's a few more, I have too think abit. lol. a list would be a nice thing to do to help each other out. but I doubt there are many affiliates that will tell you... and we all know why. just sayin:p :rolleyes:
     
  9.  
    casinobonusguy

    casinobonusguy Affiliate Guard Dog Member

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    I know I pay Affactive and Brightshare to get paid via wire.Our business account is in CAD and many earnings show in US or Euros so it is always a bit complicated to see if they are deducting anything as we have to exchange the currency then our bank takes $10.00 to process incoming wires .Our accountant balances the online amounts to the bank deposits with bank fees and foreign exchange Journal Entries.Casino Coins and Best Casino Partners never charged us anything.Revenue Giants does not charge us for wires either .
     

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