Ultimate Bet Update

[Brandon]

Attention Affiliates... Regarding US Traffic Only!

Effective: Thursday, February 22, 2007


UltimateBet is still holding a strong position in the U.S. market providing poker players from around the world with the very best online poker experience. We are 100% committed to staying in the U.S. and provide your players with the easiest, fastest, secure deposit and cashout options. However, in light of Neteller and other popular ewallets leaving the U.S., our processing fees have increased upwards of 5 times. These costs are higher due to the new and only deposit options available to U.S. customers, some of these deposit options also require UltimateBet to cash guarantee all funds - please note we keep a cash reserve to cover all of our player balances.
Due to this increase in costs, UltimateBet has amended its terms and conditions so we can stay in business to enable you and Ultimate Bet to keep making money and not be forced to leave the US market.
Calculation of Net Revenue has been amended to reflect the following:

• All Affiliates are paid on net revenue. Net revenue is calulated by taking the gross revenue an affiliate's player generates and subtracting any processing fees which can include:
  • Merchant processing fees;
  • Charge backs;
  • Processor default;
  • Tourney deductions;
  • Any other agreed upon deductions.
• The amount of these deductions will be taken off of Gross Revenue. At that point the remaining number is considered the Net Revenue. You, the affiliate, will be paid based on this net revenue number.
  
  Please see the example below:
  • Gross Revenue generated by the affiliate's U.S. players.
  • Minus Processing Fees.
  • Minus tourney deductions and any other agreed upon deductions.
  • = Net Revenue.
  • You, the affiliate, are then paid their RevShare on this net revenue.
• Last, we will combine your U.S . commission with your Non-U.S. commission for your total payment.

UltimateBet has the most competitive merchant processing in the industry - i.e. your customers will be able to deposit and cashout better with UltimateBet than any of our competitors - this means higher customer lifetime values and bigger checks for you that will continue!
By staying in the U.S., UltimateBet is making the commitment to allow you to continue to make money!
Your non-U.S. traffic will not be included in these changes. This is only for U.S. traffic.

Effective: Thursday, February 22nd!

Should you have any questions or concerns, please do not hesitate to contact us!
The UltimateBet Team

[edmc]

blah blah blah/copyscape..........heavy skimming time just incase......TOTAL BS.

So all sites accepting US players will bring in higher revenues to their sites because it is a limited market but half affiliate payouts

(not to mention all non americans will still show the same fees)

[edmc]

Had to do my weekly nervious breakdown. I think it was lack of sleep haha

[CasinoMack]

How much are fees on average per player. I think this is total BS. Can some poker room aff manager chime in as to what fees you incur by aquiring a player? Should the fees really half the total revenue? I don't see how.

[NewPokerGirl]

They should give us credit for the interest they make on the money our players have in their bank account. If you added all the money my players had in their accounts (on average) ...I am sure the interest the site makes on this money is more than enough to cover some of these bs fees....IMO

[Beanie]

I actually don't have much of a problem with this but I wish it would only include players that actually deposit. Currently it is charging everyone and a lot of guys that get rakeback are wondering why they are being charged for other players deposits.

[Rachna06]

Hi CasinoMack,

Fees are charged only on U.S. players' deposits and cashouts. The fees deducted are basically the processing fees incurred when a U.S. player is depositing or cashing out.

The fees are calculated as percentages and are hence dependent upon the amount in question.

If you have any other questions, please feel free to get in touch.

Best regards,