Dear All
I know BetVictor is marked as predatory program, but I have a question to those who still work with them. I can not understand their commission structure, it is stated as 30% flat RevShare across all brands, but actually the stats show as little as 19% RevShare earnings.
For all depositors the stats look like this:
1. Deposits = £59.43 Net Revenue = £38.17 Commission = £11.45 - Actual earnings = 19.26%
2. Deposits = £12.03 Net Revenue = £7.73 Commission = £2.32 - Actual earnings = 19.28%
Note their commission calculations: Net Revenue for the purpose of this Agreement means the total of client losses in the period, less: All gross monies received by us in respect of all settled bets made by Customers, all casino and games wagers and poker rake after deducting; (i) monies paid out to Customers as winnings; (ii) monies paid in the form of betting duties or taxes (or reasonable provisions in respect thereof) (iii) bad debts; (iv) chargebacks and fraudulent transactions; (v) returned stakes; (vi) transactions which are reversed internally to prevent a charge-back from occurring; (vii) all bonuses; (viii) licensing fees; (ix) payment & processing fees. BetVictor retains the right to withhold commission payments or a portion thereof if it considers profits earned at are a risk of chargeback. Any amounts withheld will only be paid once a period of six months has elapsed.
So in both cases above I think it's a flat 10% deductions for licensing fees & payment and processing fees. I think it's impossible to earn the stated 30% flat RevShare, please correct me if I am wrong, but it smells fishy here.
Mike
I know BetVictor is marked as predatory program, but I have a question to those who still work with them. I can not understand their commission structure, it is stated as 30% flat RevShare across all brands, but actually the stats show as little as 19% RevShare earnings.
For all depositors the stats look like this:
1. Deposits = £59.43 Net Revenue = £38.17 Commission = £11.45 - Actual earnings = 19.26%
2. Deposits = £12.03 Net Revenue = £7.73 Commission = £2.32 - Actual earnings = 19.28%
Note their commission calculations: Net Revenue for the purpose of this Agreement means the total of client losses in the period, less: All gross monies received by us in respect of all settled bets made by Customers, all casino and games wagers and poker rake after deducting; (i) monies paid out to Customers as winnings; (ii) monies paid in the form of betting duties or taxes (or reasonable provisions in respect thereof) (iii) bad debts; (iv) chargebacks and fraudulent transactions; (v) returned stakes; (vi) transactions which are reversed internally to prevent a charge-back from occurring; (vii) all bonuses; (viii) licensing fees; (ix) payment & processing fees. BetVictor retains the right to withhold commission payments or a portion thereof if it considers profits earned at are a risk of chargeback. Any amounts withheld will only be paid once a period of six months has elapsed.
So in both cases above I think it's a flat 10% deductions for licensing fees & payment and processing fees. I think it's impossible to earn the stated 30% flat RevShare, please correct me if I am wrong, but it smells fishy here.
Mike
