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Bonusgeek wrote:IWhat would seem fair is that they hold back a nominal amount, relative to those players who deposited via credit card or echeck. But not on all your players whom most of them probably deposited via neteller.
Good point!!!!
I’m curious how they plan on handling player’s cashouts who may have deposited via ECheck, Firepay or Credit Card? If someone cashes out $500, are you going to pay them $250 at the end of September and then the remaining $250 over the next five months? I mean the chargeback could show up anytime over the next six months is what you’re saying right? Or maybe you’re going to hold all their funds for the entire six months? This makes zero sense to me. As someone already mentioned, I’m sure a large majority of deposits are made via Neteller, Moneybookers, EcoCard, Payspark, Western Union, etc…I see no reason on God’s green earth why that money should be held in limbo for six months??
Edited to add: Tim/Tom, I don’t blame you guys for this. But this was a piss poor business decision of the worst kind. The company may have saved some shareholders some concerns, but they have alienated the entire online gaming community, affiliates and players alike. I feel bad for you that you had to be the messenger in this…
And what about non us players?
I for one am not surprised by this at all. You’d have to be very naive to think some companies were not going to take advantage of this new bill. At the risk of sounding redundant but it was very clear when all these companies were pulling the plug WAY before they had to. Opportunity to f@#k the affiliates. There will be more.
damiandunlap wrote:Most american cant even use credit cards, most people use neteller. This is a scam and will posted and video every place i knowYou have got that right, this is a scam of the worse kind and we will not forget. :fencing:
Most american cant even use credit cards, most people use neteller.
NETeller accepts creditcards to fund a NETeller account don’t they?
etc..The only way I have ever funded NETeller was directly from my bank account, I haven’t heard of anyone using a credit card to fund NETeller.
I’m very curious about how Wagershare handles earnings from non-usa players. Can I expect full payment on that at least?
This is a crock of shit Tim and you know it.
It would be prudent for Wagershare and Fairground to consider the ramifications this outrageous decision made by yourselves will have. Especially concerning affiliates like myself who are in this for the long haul.
Bottom line is. You owe all of us for September and we are entitled to receive 100% of that amount this month. This chargeback bullshit is just a stunt, whereby our commissions which are held back can help Fairground during this trying time.
May I remind you that other PLC’s will not be pulling this crap that your company are now trying to pull.
Furthermore, those of us which are in this for the long haul will be bringing non US players in. However this decision of yours, has made me seriously consider pulling you from all my sites. Why should I put them your way, when you pull a stunt like this.
I urge you, the wagershare team and Fairground’s Board to seriously reconsider this decision.
If this stunt is the first of many, maybe Larry the Lawyer should evaluate the chances of a class action suit by affiliates against programs.
I’m going to go out on a limb and say that I can understand this decision. We are getting paid 50% of what is owed immediately. A lot of webmasters deliver only us players, if those webmasters deliver no more players than the casino has no protection against chargebacks should they occur, and they will experience a severe loss.
Furthermore, no one knows how US players will react when the law is signed. Many of these players could take advantage of this to chargeback. I’m not saying this is an optimal decision on wagershare’s behalf but I can fully understand the logic behind it.
antoine wrote:I’m going to go out on a limb and say that I can understand this decision. We are getting paid 50% of what is owed immediately. A lot of webmasters deliver only us players, if those webmasters deliver no more players than the casino has no protection against chargebacks should they occur, and they will experience a severe loss.Furthermore, no one knows how US players will react when the law is signed. Many of these players could take advantage of this to chargeback. I’m not saying this is an optimal decision on wagershare’s behalf but I can fully understand the logic behind it.
Antoine –
Damian and others have already pointed out something which seems to have been missed – how many people can actually deposit by CREDIT CARD from the US? You can’t chargeback Neteller, you can’t chargeback a check (though obviously it would have bounced to begin with), you can’t chargeback a wire transfer…
I would be willing to go out on a limb and state that LESS THAN 5% of all transactions from the US are through the use of a credit card.
Yet Wagershare wants to hold portions of your money for 6 months?
I would hazard a guess that over 50% of players use a payment portal such as neteller to fund their casino accounts. I know I do.
Are wagershare going to provide a complete breakdown on this for us?
No
They will just withold 50% of our revenues and drip feed it to us over 6 months. This is short sighted, extremely shortsighted.
Especially considering that many of our sites can and do bring in NON US Players.
I am so sick by this… I put to many of my chickens into Wager Shares ranch, some became some fat birds to. The long term effect of this hurts just as much IMO.
The more I think about this, the more I hate it.
It is capricious and has no foundation in reality.
Seperate out the US credit card players and withhold as described for them.
The rest you ought pay.
It’s a breach of contract and it’s theft of interest monies due on the balances.
