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Gambling Wages Changes Terms / Revshare %

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  • #603987
    Anonymous
    Inactive

    Gambling Wages slipped in a minor change overnight to their terms and conditions. This change was to their revenue sharing model and removed the uppermost tier:

    OLD Terms wrote:
    4.1.2. REVENUE SHARING (CLASSIC COMMISSIONS)
    In this program we share the profit made by the winnings from the customers with our affiliate.

    Customer Net Losses
    Up to $15,000 – 30%
    $15,001 to $50,000 – 40%
    $50,000 and greater – 50%

    OLD Terms wrote:
    4.1.2. REVENUE SHARING (CLASSIC COMMISSIONS)
    In this program we share the profit made by the winnings from the customers with our affiliate.

    Customer Net Losses
    Up to $15,000 – 30%
    $15,001 and greater – 40%

    Summary: I think they should send out notices when they do this. I’m sure the larger affiliates have agreements with them anyway, though. I certainly HOPE this is NOT retro-active.

    #743135
    Anonymous
    Inactive

    Yes, huge changes like that should be reported.

    #743148
    Anonymous
    Inactive

    No doubt about they should have sent out an email but then again they were not thinking it would be noticed I am sure.

Viewing 3 posts - 1 through 3 (of 3 total)