I’m happy to report that the payout problems, for both affiliates and for players have been rectified. I’m happy that this has finally happened after 3 quarters of slow payouts. Unfortunately, the business and volume, as far as poker is concerned, has been severely damaged.
Furthermore, ChipSplit has drastically increased the fees without any notice whatsoever.
Blanket deposit fee of 7%. Basically this is just an MGR deduction as it’s not actually based on deposits your players make, but simply a % of MGR removed from your earnings. For example, if you have a 40% deal and your players rake $1000, you pay $70 in fees on that rake attributed to “deposit fees.” Thus, effectively, your deal is now 33%. There are more fees however.
Withdrawal fees of 5% of the amount withdrawn. For example, if you have a winning player and he withdraws a maximum payout of $5,000, you are hit with a $250 fee taken DIRECTLY from your affiliate commission.