This does not compute

Discussion in 'GIG Affiliates' started by AussieDave, Mar 12, 2016.

  1.  
    slotplayer

    slotplayer Affiliate Guard Dog Member

    Messages:
    1,730
    Likes Received:
    260
    Joined:
    Aug 8, 2008
    Sorry no, not at all. I don't think you're a moron, far from it. Please don't take any of my posts as an insult to your intelligence, but I can see that, its been done to me before.
     
  2.  
    TheGooner

    TheGooner Affiliate Guard Dog Member

    Messages:
    389
    Likes Received:
    292
    Joined:
    Dec 31, 2013
    A 6.5% fee in extremely high. Legitimate CC Rates can be as low as 1.0% to about as high as 4.0%

    A fee of 6.5% probably means that the gaming company does NOT have a direct relationship with the credit card company.
    Instead they are probably using a 3rd party merchant who has a clean (non-gambling) background and accepts the transactions and passes them on.
    They'll be at 4.0% and will be charging the rest (+2.5%) as a "service" fee to the gaming company.

    This is of course a complete breach of Mastercard / Visa rules, but there is always a willing list of processors for the grey market for moving money.
     
    slotplayer likes this.
  3.  
    slotplayer

    slotplayer Affiliate Guard Dog Member

    Messages:
    1,730
    Likes Received:
    260
    Joined:
    Aug 8, 2008
    Thanks G,
    I pay 2.9% with Paypal, it used to be 2.3% but they discontinued the volume discount this year. I know a local business that pays 1.8% which is decent.
     
  4.  
    Sha

    Sha New Member

    Messages:
    10
    Likes Received:
    3
    Joined:
    Jan 13, 2017
    Today my stats,

    Player revenue: $130

    But since they offered an imaginary and no value virtual money bonus of $136, this entire bonus was deducted to the revenue.

    Leaving me with a cool negative $2 earning. And, i mailed them.

    Even if the player loses the entire bonus which was gifted to him, the deduction will still remain the same a negative total bonus amount gifted.

    How is that even logical?
     
    Casino-Matt likes this.
  5.  
    AussieDave

    AussieDave 17 years & still going!

    Messages:
    2,877
    Likes Received:
    1,380
    Joined:
    Nov 28, 2013
    Easy, it's not.

    Over the years I've been extremely vocal about bonuses and how they are imo, in some cases, being manipulated, to pay the affiliate less than they have rightfully earned.

    Double Entry Book Keeping
    Unless a player (who receives a bonus) actually withdrawal's that bonus as a cash payment, then otherwise it's returned (played back to the casino). If that's the case, it SHOULD be deducted from GGR, not NGR.
    • Casino gives player $100 bonus;
    • Player loses $100 bonus back to casino.
    Neither casino, nor player are up/down $100.

    Bonuses have been designed to screw players over, BUT also to screw affiliates over too. The question is, what casinos/programs choose to use this to their advantage.
     
    Last edited: Jan 13, 2017
    Casino-Matt, CygX1 and Sha like this.
  6.  
    Sha

    Sha New Member

    Messages:
    10
    Likes Received:
    3
    Joined:
    Jan 13, 2017
    Actually this is the reply I got.

    "Yes, the full bonus amount is deducted when calculating your commission, regardless if the player loses the bonus."

    So, they are upfront that any no value bonus is totally deducted from real value deposits - even if the entire bonus is lost back to casino.
     
    Jack Lee and Casino-Matt like this.
  7.  
    Casino-Matt

    Casino-Matt Yes No Casino

    Messages:
    230
    Likes Received:
    53
    Joined:
    Jan 26, 2015
    Glad I stumbled upon this thread. Stumbled / Searching for reasons my lifetime revenue with these guys is so so so low. Income over 2.5 years = 5% of deposits. And pretty much every month it is consistently the same, 50 euro for every grand deposited. It's not like there's negative months in there, just a rock solid 5% every month.

    Still it is better than the performance of the hundreds of iGC white labels who are truly awful awful performers in every department. Great looking casinos but why never any NDP players?

    And yes, all their brands and all their white labels charge the players for every deposit and withdrawal they make.
     
  8.  
    Jack Lee

    Jack Lee New Member

    Messages:
    29
    Likes Received:
    14
    Joined:
    Jul 7, 2017
    I make a lot at Guts on the few players I sent. 21 players last year and they are still playing. Cashing in average €500 per month. 25% admin fee seem okey for the return I get back. However, I seem to be paying around 50-55% in total fees every month. sucks, but I guess it cost to have a good retention.
     
  9.  
    XenThe

    XenThe New Member

    Messages:
    6
    Likes Received:
    10
    Joined:
    Jul 8, 2017
    Well, Guts has insane fees, pay like 65% fees with them! However, they still convert.
     

Share This Page