First Gaming Partners. What they don't take into consideration - Gambling Affiliate Place: Programs and Webmasters Forum

bb1webs · #1 03-11-2010, 06:20 PM

Got this today

Quote:

Dear Affiliates,

Over the past few weeks we have been involved in lengthy discussions across the board of white label Rival operators. The main issue was on how best to cope with the increasing financial burden due to processors that have defaulted on their original agreements and are withholding funds.

To date, both Slot Power and Vanguard Casino have borne these losses without a murmur, and affiliate commissions have remained fully intact. However, we have been heavily affected and for this reason have finally come to the following decisions which directly concern you as an affiliate.

These terms are effective from 1 March, 2010:

1) In order to decrease the burden on the casinos, affiliate commissions will now take into account fraud charges, which already includes chargebacks, and will now take processor seizures into account too. Fraud charges will be carried over should an affiliate become negative.

2) Affiliate tagged player progressive net losses will be distributed prorata among all affiliates. This should mean that you'll see fewer streaks of deduction without credits, as progressive losses, and credits too, will be spread across all our affiliates.

These decisions have not been made lightly, and should in no way be considered penalties. They are vital in order to ensure the continued and successful operations of both Slot Power and Vanguard Casino through this challenging period. Quite simply, we cannot afford to keep paying commissions out of our own pockets due to the considerable amount of seized funds over past months.

Moving forward...

I don't think they took into consideration how spreading out the cost of progressives both punishes the affs who have players NOT involved with the progressive, but they also in effect strangle all small affiliates because if they have a processor go down and it catches a smaller aff on a month where they had expected a nice pay check, well how many of those kind of months can a small aff take?

Neg carry-over could stretch 5 or 6 months. By then there may have been another processor go craps.

Well while I applaud their decision to DO SOMETHING, this wasn't the best route.

I don't know about the rest of you but what i am reading is that they are putting off the costs of the prog situation so that it doesn't effect the bigger affs as much , and the smaller ones take the blunt of the force.

I'm glad I never got around to doing anything with the Irish Luck gang. Just be that many more links I have to replace. (watch out Brightshare, not happy with you right now if it turns out you had anything to do with NETeller campaign and your casinos).

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