This was just emailed to me. Very bad news.
"Hi Robin,
As you know, 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. market and providing 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 sole deposit options available to U.S. customers. Some of these deposit options also require UltimateBet to cash-guarantee all funds. Please note that we keep a cash reserve to cover all of our player balances.
In order for UltimateBet to remain in the U.S. market and continue to make money together with our affiliates, we have amended the calculation of Net Revenue to account for processing fees and related costs incurred by your U.S. players.
Calculation of Net Revenue for U.S. players has been amended as follows:
Net revenue is calculated by taking the Gross Revenue that your players generate and making the following deductions:
* Merchant processing fees (for U.S. players)
* Charge backs
* Processor default
* Bonus Dollars redeemed
* Any other agreed-upon deductions
The resulting Net Revenue amount which you see on your reports is used to calculate your commission.
Net revenue calculation remains unchanged for all NON-U.S. players.
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 which means greater revenue and commissions for you!
PLEASE NOTE: Your NON-U.S. traffic will not be included in these changes. This is ONLY for U.S. traffic.
Effective: Thursday, February 22nd, 2007
If you have any questions, please don't hesitate to get in touch.
Thanks,
Rachna
Affiliate Marketing Coordinator
UltimateBet
http://www.ultimatebet.com
affiliateprogram@ultimatebet.com