- Joined
- Dec 13, 2006
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Platinum Affiliates have added Bingo terms for their Silk Bingo property and a termination clause that steals commissions and closes accounts.
TERMS UPDATE, Commissions, Real Money Players
4.3. Money Players. In this Agreement a Casino Money Player shall mean a Player who earns 5 ”comp points” (FPP) 20 comp points in relation to the LuckyAceCasino Website or who earns 20 comp points in relation to the SuproCasino Website, and a ”Poker Poker Money Player” Player shall mean a Player who earns 3 ”comp points” (FPP) 20 status points in relation to the LuckyAcePoker Website, and “Bingo Money Player” shall mean a Player who bets US$20 in relation to the SilkBingo Website (the Casino Money Players together with the Poker Money Players and the Bingo Money Players, the ?Money Players?). For the foregoing purpose, the term ”comp point” terms comp point and “status points” shall have such definition and shall be earned by Money Players in accordance with the guidelines as shall be set from time to time by Kamay.
TERMS UPDATE, Commissions, Bingo Net Gaming Revenue
4.8. Bingo Net Gaming Revenue. In this Agreement, the term Bingo Net Gaming Revenue shall mean the sum total of all of a Bingo Money Player’s bets while playing at the SilkBingo Website, less the winnings of a Bingo Money Player, less any credits, bonus or promotional amounts given to a Bingo Money Player, less any chargebacks (including amounts paid as a result of credit card abuse or fraud, or paid to a Bingo Money Player to settle a claim involving the allegation of credit card or other abuse or fraud) or any uncollectible revenue attributable to a Bingo Money Player.
TERMS UPDATE, Commissions, Termination
In the event, the balance carried over does not exceed US $50 within a consecutive three (3) month period, then the amount of Affiliate Fees due will be voided and cancelled, and this Agreement will automatically terminate.
Summary:The addition of Silk Bingo is excellent news and the terms are properly updated for this change. HOWEVER – The increase of ‘comp/status points’ along with the predatory term to steal affiliate commissions is very bad news. The last term whereby they can take your commissions if you do not earn more than $50 in three months will only serve to remove most new affiliates. They are ‘cutting off their nose to spite their face’ with that clause.
See the full terms alert at: Platinum Affiliates Terms Alert – ID#755
Casino
Platinum Affiliates add Bingo clauses and termination
TERMS UPDATE, Commissions, Real Money Players
4.3. Money Players. In this Agreement a Casino Money Player shall mean a Player who earns 5 ”comp points” (FPP) 20 comp points in relation to the LuckyAceCasino Website or who earns 20 comp points in relation to the SuproCasino Website, and a ”Poker Poker Money Player” Player shall mean a Player who earns 3 ”comp points” (FPP) 20 status points in relation to the LuckyAcePoker Website, and “Bingo Money Player” shall mean a Player who bets US$20 in relation to the SilkBingo Website (the Casino Money Players together with the Poker Money Players and the Bingo Money Players, the ?Money Players?). For the foregoing purpose, the term ”comp point” terms comp point and “status points” shall have such definition and shall be earned by Money Players in accordance with the guidelines as shall be set from time to time by Kamay.
TERMS UPDATE, Commissions, Bingo Net Gaming Revenue
4.8. Bingo Net Gaming Revenue. In this Agreement, the term Bingo Net Gaming Revenue shall mean the sum total of all of a Bingo Money Player’s bets while playing at the SilkBingo Website, less the winnings of a Bingo Money Player, less any credits, bonus or promotional amounts given to a Bingo Money Player, less any chargebacks (including amounts paid as a result of credit card abuse or fraud, or paid to a Bingo Money Player to settle a claim involving the allegation of credit card or other abuse or fraud) or any uncollectible revenue attributable to a Bingo Money Player.
TERMS UPDATE, Commissions, Termination
In the event, the balance carried over does not exceed US $50 within a consecutive three (3) month period, then the amount of Affiliate Fees due will be voided and cancelled, and this Agreement will automatically terminate.
Summary:The addition of Silk Bingo is excellent news and the terms are properly updated for this change. HOWEVER – The increase of ‘comp/status points’ along with the predatory term to steal affiliate commissions is very bad news. The last term whereby they can take your commissions if you do not earn more than $50 in three months will only serve to remove most new affiliates. They are ‘cutting off their nose to spite their face’ with that clause.
See the full terms alert at: Platinum Affiliates Terms Alert – ID#755
Casino
Platinum Affiliates add Bingo clauses and termination