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Virgin affiliates have updated their commissions model for Bingo Affiliates and drop out one of the tiers.
TERMS UPDATE, Commissions Models, Restructure of tiers
8.3. Bingo commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Revenue generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The standard referral percentage on Net Revenue generated by the Players referred to our Services by you is detailed below: Monthly Net Revenue Commission from £0 to £5,000 30% from £5,001 to £10,000 35% from £10,001 + 40% For example 35%, if the unless otherwise agreed. A total Monthly Net Revenue generated by your Virgin Bingo players is figure of £20,000, you £50,000 and above will receive: £5,000 @ 30% = £1,500 £5,000 @ 35% = £1,750 £10,000 @ 40%automatically qualify you for a 5% = £4,000 Total = £1,500 + £1,750 + £4,000 = £7,250 referral percentage rate increase, unless otherwise agreed.
Summary:This commissions structure change will take most affiliates up 5% and does not appear to be a bad change.
Virgin Affiliates Update Bingo Commissions Structure
TERMS UPDATE, Commissions Models, Restructure of tiers
8.3. Bingo commission Your compensation (”Referral Percentage”) shall be defined as the compensation due to you based on a percentage of Net Revenue generated by the Players who have been identified as having used our Services as a result of having first been referred to our Services by you. The standard referral percentage on Net Revenue generated by the Players referred to our Services by you is detailed below: Monthly Net Revenue Commission from £0 to £5,000 30% from £5,001 to £10,000 35% from £10,001 + 40% For example 35%, if the unless otherwise agreed. A total Monthly Net Revenue generated by your Virgin Bingo players is figure of £20,000, you £50,000 and above will receive: £5,000 @ 30% = £1,500 £5,000 @ 35% = £1,750 £10,000 @ 40%automatically qualify you for a 5% = £4,000 Total = £1,500 + £1,750 + £4,000 = £7,250 referral percentage rate increase, unless otherwise agreed.
Summary:This commissions structure change will take most affiliates up 5% and does not appear to be a bad change.
Virgin Affiliates Update Bingo Commissions Structure
