Full Tilt Fraud Adjustment

corpfan1 · #1 11-07-2007, 01:29 PM

For the first time ever my FT report for October was NAILED with a FRAUD ADJUSTMENT!

I had 2 players that had a FRAUD VALUE.

1 was for $200.

The other was for $2000!

So, my total revenue got dinged by over $600.

Has this happened to anyone else?? It was very disappointing...and it really sucks to have to absorb this as an affiliate just because this player somehow came through my link.

Any opinions here?

corpfan1 · #2 11-07-2007, 01:51 PM

Just wondering how this works...

How does FT get nailed with a $2000 charge by the credit card company? Do they ever see this money back later?

Thanks!

Jeremy · #3 11-07-2007, 02:21 PM

Chargebacks. More than likely they will not see it back. Basically someone deposits 2K, loses it, and then withdraws the money from their bank account before it clears.

FullTilt can't recoup it because it is spread out amongst several other accounts that won the money and then it spreads out again.

Of course they could pursue the player, but being an offshore gaming site, no U.S. banks are going to be that keen to help them. Likewise I doubt it's worth the risk for FT.

Most people that intentionally chargeback are scammers and will not attempt to repay the debt.

Chargebacks suck, but it's all part of the business. They suck even worse for the operators.

Brandon · #4 11-07-2007, 02:38 PM

Ya, charge backs always hurt, but thats part of being on MGR. You get the good and the bad.

J S · #5 11-07-2007, 02:38 PM

It happened to me on a similar scale 4 months ago at FT.

luckily it has only happened once... sucks, sorry to hear that Corp.

corpfan1 · #6 11-07-2007, 04:12 PM

My AM said they were Credit Card Chargebacks...how does that work?

I thought the transaction had to be "approved" before you get the money via a credit card deposit?

Don't get how FT can accept a CC deposit and then not see the $?

JohnG · #7 11-07-2007, 04:23 PM

Corp,

All the person had to due was call and say that either they didn't make the deposit or their card was stolen. Unfortunately, the credit card companies will not investigate for smaller amounts (under $10,000 or so) as they have determined that it is more cost effective to write off the chargebacks instead of investigating them.

the27offsuit.com · #8 11-07-2007, 04:29 PM

This applies to usa only .

Anyone can call there CC company and make a chargeback and the company will remove it immedieatly . Once this happens the comapny that the charge was made to has to send proof of the charge to the cc company .

Now i do not think a poker site will send it this info as using a cc for gambling in the USA is illegal . im really suprised that we have not seen much more chargebacks in the past year .

TheDonk · #9 11-07-2007, 08:31 PM

First time for me too, only $600 fraud, but still. FTP is becoming a waste of time, they charge a 10 % surcharge on their charges, then an extra 15% for the surcharge fee. I'm sick of sending them twice as many players, and getting half the commissions. The weird thing is that it was from one of my better players, someone who's always had good value.

the27offsuit.com · #10 11-07-2007, 09:00 PM

So i goto withdraw my affiliate earnings ,log in and request epassporte cashout .

4 hours later get email that transaction was declined , so think it might be because i changed my epassporte email and they have to match . So go log into fulltilt to rerequest the cashout and they locked me out , saying i cannot log in and must contact them for info .

Wonder what the hell this is about .

They replied to my email telling me it is a security measure and my account is under investigation . Told them thats pretty funny as i do not play there and am just an affiliate ,trying to withdraw my comissions . has this ever happened to anyone before .