UB rakeback payment [censored] ridiculous wtf

[SweetPea]

[ QUOTE ]
I actually think this additional deduction from MGR for fees/whatever is pretty common for most affiliates and most sites.

[/ QUOTE ]

They are not subtracting 10% of MGR and then calculating rakeback. UB is taking ~10% of MGR out of your rakeback *payment* for no reason other than they can and they must be in desperate financial straights.

UB is, in effect, penalizing US players 1/3 of their rakeback, whether we've caused them to incur any fees or not. Rakeback for US players at UB is actually ~20%, not the 30% advertised.

Rakeback at UB as most sane people would assume: .30(.9*MGR) or .30(MGR-fees)
Rakeback at UB as it actually is: .30(MGR) - .10(MGR) = .20(MGR)

Edit: Actually it appears it is even worse than this. My data is not exact, but by my math UB's rakeback could be calculated as .30(.90MGR) - .10(MGR). 17% rakeback. Lovely.

[EvanJC]

http://forumserver.twoplustwo.com/showfl...e=0#Post9583991

[SweetPea]

Thank you for the link. However, the info given there "20% reduction in MGR" is not what Rakerebate is stating. I was told that all US players are having 10% of their MGR subtracted from their rakeback payment. This matches with what I was paid by Rakerebate.

Huge difference there.
$1,000 MGR
-----------
Rakerebate: .30(1000) - .10(1000) = $200 (effectively 20% rakeback)
Affiliate from link above: .30(.80(1000)) = $240 (effectively 24% rakeback)

Somebody is just as confused as we are.

[Ron-Mexico]

Is this just happening to a couple affiliates? I mean, have all affiliates been effected by this? Who's affiliates have not?

[Al_Money]

My payments are on target, RaketheRake fwiw.

[RakeRebate.net]

To all RakeRebate.net users,


We've just received information from UB that they've made an error with our account. This resulted in some American users having deductions for processing fees up to 4x the amount they should have.

UB are currently working on sending us a corrected report, and once we receive it we will pay out the remainder
of the rake back that was erroneously deducted. This should all be done until tomorrow.

We are very sorry for this inconvenience and hope you still trust us in always striving for the best to our players.


RakeRebate.net Team

[SweetPea]

Thanks!

[NapoleonDolemite]

Excellent news. Thanks rakerebate.

[VielGeld]

i just got 2 more payments these days of 183 and 450 bringing my rakeback for feb up to 1800+ instead of 2000+. I guess 200 diff is not the end of the world