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Old 11-18-2007, 11:55 PM
Benjamin Benjamin is offline
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Join Date: Aug 2004
Posts: 1,096
Default Re: Zero Rake Poker Business plan

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payment processors charge a shít load, if a million dollars was deposited in the first week your site was up that probably costs you $50,000, certainly $30,000, and what do you think you need to be deposited on a site to get liquidity? A lot more I would guess.

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Definitely agree with grassho: charge the depositor, but also agree with freecard that the charges need to be hidden.

Marketing could be something like: "Join the US Poker Player's Association and receive the ultimate unlimited deposit bonus", and then just always deduct any deposit fees before paying out the 100% rakeback you give to members. This is obviously covered in the fine print. Members are also paying a minimum $25 annual membership fee to help cover other costs.

Capital drive covers start-up costs, and voluntary donations over $25 are encouraged, as well as voluntary donations i.e. 'tips' when you win a pot are encouraged.
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