Wager Junction makes terms changes affecting commissions: WARNING

Discussion in 'Casino Industry Buzz and Terms Alerts' started by Guard Dog, Nov 30, 2013.

  1.  
    Guard Dog

    Guard Dog Guard Dog Staff Member

    Messages:
    7,816
    Likes Received:
    1,336
    Joined:
    Dec 13, 2006




    Wager Junction makes terms changes affecting commissions: WARNING



    Terms spidered on November 26th, 2013 12:19 PM





    SUMMARY: Within this alert is an old terms change and a new one. The new one affects commissions, please read.









    Chargebacks



    April 29, 2013



    10. Charge Backs Should referees process chargebacks, the accumulated revenue generated by yourself for the charge back period from that player will be forfeited and therefore deducted from the total balance due to you for the current month. Chargebacks will not be zeroed out and all revenue derived from chargebacks will be repayable to the Affiliate Program on request. Should a deduction of the accumulated revenue exceed your current amount due, your balance will then revert to a negative balance and you will have to work your way back to zero before you can start earning revenue again. Unlike with a player making a big win, which only lasts one month, a charge back will stay due until the revenue generated by your other players has covered the amount due. Wagerjunction has the right to put an affiliate payment on hold for up to three six months if player(s) tagged under the affiliate is/are marked as suspicious from the casino fraud department. Wagerjunction will provide details and reasoning to the affiliate as to why the payment is on hold. We understand that this might be frustrating to the Affiliates, but it has to be made clear that our gaming partners can only pay out a percentage of their profits, not fraudulent revenue.








    Commissions Reduction Term



    November 26, 2013



    Within a calendar month, the affiliate cannot receive a commission payment that is higher than the commission percent of the total deposits of his/her players. Since WagerJunction does not have a negative carryover, this term ensures the affiliate program will not pay commission for player losses that occurred from player winnings (that were not cashed out) the previous month. For example: January - Player A deposits $1,000 and wins $10,000. Player does not cash out but keeps the winnings in his balance. Affiliates commission is on the negative for the month. February Player A makes no deposits but uses his $10,000 balance to play. Player loses his $10,000. Since there is no negative carry over, affiliate has started with $0 balance and now sees earnings of $3,500 approx (if on 35% commission). Since the player only deposited and lost $1,000 the affiliate will earn commission on that amount ($350 approx)








    SUMMARY: The commissions reduction term, which appears to be a form of high roller carryover, is written in such a way that it can be abused. Players could deposit $10,000 at the end of October and then not use most of it until November. Now they lose all the $10,000 in November.. but your deposits in November are $100. This term allows them to NOT pay your earnings because the losses outweigh the deposits. Not good. Very predatory, IMO.







    Wager Junction makes terms changes affecting commissions: WARNING
     
  2.  
    theGman

    theGman New Member

    Messages:
    2
    Likes Received:
    0
    Joined:
    Oct 25, 2013
    The only thing that has changed seems to be the monthly period, and it only affects a negative via a chargeback as i read it. The no Negative carryover has been in place since day 1 on the program so i am just not seeing why the warning here. These people also run Lucky Jar Affiliates btw.
     
  3.  
    Guard Dog

    Guard Dog Guard Dog Staff Member

    Messages:
    7,816
    Likes Received:
    1,336
    Joined:
    Dec 13, 2006
    Read the summary ;) I think I stated it pretty clearly.
     
  4.  
    grem

    grem Affiliate Guard Dog Member

    Messages:
    100
    Likes Received:
    0
    Joined:
    Jul 23, 2010
    This program will probably close in 2014 so best not to promote anyways.
     
  5.  
    tryme1

    tryme1 Affiliate Guard Dog Member

    Messages:
    681
    Likes Received:
    56
    Joined:
    Mar 2, 2009
  6.  
    grem

    grem Affiliate Guard Dog Member

    Messages:
    100
    Likes Received:
    0
    Joined:
    Jul 23, 2010
    New terms changes that don't work for affiliates and they wanted affiliates to just create a new account and forget about their previous account. No notifications of why logins don't work and no replies to explain.
     

Share This Page