Hey,
I just recently got into the the rakeback game myself. The way most affiliates do the rakeback (at least the way I operate) is that we pay our players rakeback monthly at the end of the month. You would pay your player a set % of their rakeback at the end of the month.
The biggest challenge is that you need the site to approve the rakeback program and you need the site to provide you with a detailed breakdown of the amount of rake each of your players paid. There are only a handful of sites that both allow rakeback and provide you with excellent stats so that you can accurately pay rakeback to your players.
I have found that many of the rakeback sites offer ridiculous percentages back to their players. I also scratch my head and try to understand how they can pay their players so much rakeback. I am giving them the benefit that they are being honest and I believe that many of them are operating on 5% points or less. In other words they are getting 30% rake and paying their players 25% rakeback.
I don't even bother trying to compete with them. It is almost a total waste of time trying to offer your players the highest percentage of rakeback compared to the other rakeback sites out there. I operate under the premise that 90% of poker players are not even aware that they can get rakeback and try to target that audience. Once they find out they can get something back from you it makes sense for them to join through you and they are unaware that they can get higher percentages elsewhere.
As for playing the players about half the sites that approve the rakeback allow player to player transfers so I pay them that way as for the other sites I send my players payment via Neteller or money order.
I know most affiliates don't like the concept of rakeback but I have been successful with it. Although I don't have an awful lot of players, I am able to retain high quality players and give them an incentive to join through my link by paying them rakeback.
I hope this helps.
Cheers!!!
Roy
http://www.rakesecret.com
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