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Reply To: Thoughts on Gfed?

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#797712
Anonymous
Inactive

@Salamander 200812 wrote:

http://www.gamblingfederation.com/~/en/P/faq.php

How is Weekly Net Gaming Revenue calculated?
Casino Player Deposits [minus] Winnings [minus] Processing Fees [11%] = Net Gaming Revenue
Player Deposits excludes any bonuses, cash comps or free money a player receives.

Processing Fees:
[11%] Charges imposed by e-cash companies, including a percentage of all money deposited, transaction fees, crediting fees, etc. Processing fees [11%] are derived from the following fees: Charges to process a single transaction are approximately 8% of the full transactions value. In addition we are charged $1.00 for every transaction [approved or declined]. If a player is declined but continues to try 5 times, the charges are $5.00. Credits back to players’ cards are $5.00 each. Chargeback’s are a fee of $25.00 each. If a player has 4 transactions that they charge back we are charged $100.00. We calculated the average for the entire casino for 1 full year and came with the average amount of 11%.

Even though we have lost money due to charge back fees and not being able to collect the deposits that were charged back, we are still going to pay out for the commissions earned on the deposits that weren’t charged back by the fraudulent player, to Alexander. Moreover, in previous emails sent to Alexander, as a form of compensation on our part we even went as far as offering him a special casino solution free of charge worth well over US$ 10,000.00 to help him turn things around from a promotional and commission earning standpoint. I have wired the full amount of the commissions owed to Alexander’s bank account so he should receive the funds shortly.

Raul
Director of Operations for Gambling Federation / CGTV Games

FAQ is not T&Cs, and usually I don’t read any FAQs. If you don’t have such term is your T&Cs so you can’t charge 11% fees, you have never charged any fees from me and I even didn’t know about them. Only Alexander told me that you were going to charge unknown 11% fees.

First off, it is highly unethical to be demanding payment for commissions generated from fraudulent deposits and expecting us to take an even bigger loss then we already have. How can you expect us to pay commissions generated from deposits we never collected, so therefore Alexander never earned?

I’d like to say that it’s highly unethical do not pay commissions on time, and to add a test player account to his stats.