Can anyone explain Full Tilt FEES?

[ucladave]

I know it depends on what method they use to deposit, but I had a friend deposit $100 with epassporte and I was hit for $8.75 in player fees for that deposit. That's a ridiculously high amount and I have a hard time believing the costs are truly that high.

As for getting hit with the full amount? You didnt but their chart looks like you did. They show total amount of rake generated and total player fees all in the same row. You should see something like (270.00) near the end. When you total up his earning and fees you get the total amount of profit for which you are paid 20%. They do the 20% after they total everything not before, so your rake and tournament juice columns are what they made for the site, not what they made for you.

[corpfan1]

Ahhh....gotcha....that makes sense now...how dumb of me.

Thanks Dave.


As a side note...I did a test. I had my gf deposit $150 via Neteller. It showed up as $5 in player fees on my stats. So that is like a 4% fee. Of course she didn't get charged anything when depositing...I guess they get charged by Neteller?

Oh well!

[ucladave]

yeah, the payment processors make their money by charging a transaction fee. Businesses that do a large volume of sales typically negotiate Visa/Mastercard rates around 1% and sometimes as low as half a percent. Neteller charges 3% I believe, which is still pretty steep for the amount of business that these sites do. I find it impossible to believe though that epassporte charges 8.75%.

I'm actually pretty annoyed with FTP about these fees. My friend also tested a visa deposit and got hit for about 3.5% fee. I hate to say but I dont believe that they are really paying that high a rate. I think they are passing on more than they should be.

Speaking of that, I once asked my AM whather I got charged for full retail value when a player redeems tilt points for a sweatshirt or something and I was assured that it was the "at cost" value of the merchandise. So knowing that the "at cost" proce of a full tilt signature series hat is about $5, I wonder why I was hit with $18.00 in point redemption charges. Good ol Full Tilt...

Does anyone know of ANY other site that deducts all the things that full tilt does?

Originally Posted by corpfan1

Ahhh....gotcha....that makes sense now...how dumb of me.

Thanks Dave.


As a side note...I did a test. I had my gf deposit $150 via Neteller. It showed up as $5 in player fees on my stats. So that is like a 4% fee. Of course she didn't get charged anything when depositing...I guess they get charged by Neteller?

Oh well!

[AlanAces]

There really isnt much we can do about it. Full Tilt converts so well.

[Beanie]

[quote=ucladave] I hate to say but I dont believe that they are really paying that high a rate. I think they are passing on more than they should be. [quote]

As someone extremely familiar with the costs I do not suspect any wrong doing from them at all. Its free market economics at work and I said it would happen when the bill was signed. It only made sense that the fees would go up because the demand was higher. You can sleep well that they are only charging you what they are being charged.

[ucladave]

[quote=Beanie][quote=ucladave] I hate to say but I dont believe that they are really paying that high a rate. I think they are passing on more than they should be.

As someone extremely familiar with the costs I do not suspect any wrong doing from them at all. Its free market economics at work and I said it would happen when the bill was signed. It only made sense that the fees would go up because the demand was higher. You can sleep well that they are only charging you what they are being charged.

The epassporte charges were both before and after the bill was signed. I can understand it a bit more with todays current situation, but I cant believe any business would choose to offer a processor with more than triple the rate of neteller when it was in its prime.

[edmc]

Im guessing they will have special merchant rates.


Is this a new rule they have added???

2.10. "Player(s)" or "Player's Account" means the Account(s) opened at FullTiltPoker.com by Real Money Players via a Tracker assigned to you. Real Money Players are defined as persons who make the minimum required deposit within 60 days of opening the Account.

[Beanie]

epassporte is just charging based on market conditions. Everyone went with Neteller for a reason, that reason is over, different day. Different conditions.