Another T&C Change for Absolute Poker For US Players

[Pokeraddict]

From an email sent out today.

I assume "processor default" means if whoever you use to deposit never pays Absolute whether getting shut down or being rogue it will come off your rakeback. It also looks like they will start deducting overlays and deposit fees like Full Tilt does.

[ QUOTE ]


!!ATTENTION AFFILIATES? REGARDING U.S. TRAFFIC ONLY!!


Effective: Thursday, February 22nd


Absolute Poker 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 Absolute Poker 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,
Absolute Poker has ammended its terms and conditions so we can stay in business
to enable you and Absolute Poker to keep making money and not be forced to leave
the US market.

Calculation of Net Revenue has been ammended 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 affiliates U.S. players.

. Minus Processing Fees.

. Minus tourney deductions and any other agreed upon deductions

. = Net Revenue.

. The affiliate is 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.

Absolute Poker has the most competitive merchant processing in the industry -
i.e your customers will be able to deposit and cashout better with Absolute
Poker 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., Absolute Poker 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



[/ QUOTE ]

Processor default means if whoever you use to deposit never pays Absolute it will come off your rakeback. It also looks like they will start deducting overlays too.

[Red Lion]

.......this sucks.......

[Pokeraddict]

[ QUOTE ]
.......this sucks.......

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Yes a processor problem could spell doom for affiliates. Imagine having all of your MGR wiped out by a processor bust.

This is the 3rd T&C change on existing players by Absolute in 6 weeks. At what point is it time to stand up to AP?

[bkkdude]

if all that absolute says is true then i dont blame for passing on their cost to the consumer. all businesses do it.

we usa players should be happy they are committed to us...lol.

what i dont get is why they keep offering bonuses when their bonuses are practically useless for the small player. and unless i am wrong, the majority of a casinos revenue cums from the small player.

for every hour i put in at absolute i put in 20 at ultimate

[Sniper]

[ QUOTE ]
Processor default means if whoever you use to deposit never pays Absolute it will come off your rakeback. It also looks like they will start deducting overlays too.

[/ QUOTE ]

If whoever you use to deposit never pays Absolute you have a bigger problem than worrying about your rakeback... they are going to come after the player to collect the undeposited amount...

[Ron-Mexico]

Time to leave Absolute Poker yet? I think so

[Pokeraddict]

[ QUOTE ]
[ QUOTE ]
Processor default means if whoever you use to deposit never pays Absolute it will come off your rakeback. It also looks like they will start deducting overlays too.

[/ QUOTE ]

If whoever you use to deposit never pays Absolute you have a bigger problem than worrying about your rakeback... they are going to come after the player to collect the undeposited amount...

[/ QUOTE ]

That is an extreme way of looking at it. If ePassporte fails holding a reserve I can't imagine the players will be getting a call from Absolute. If you pay ePassporte and they never oay AP then that is not your problem. I can't see how AP would challenge customers because their processor had problems.

[corsakh]

I am missing it..

Stars is the biggest.
FullTilt is the "pro"est.
UB is the cheesiest.
Prima is the fishiest.
WPX is the rakebackishest.

Where the hell does AB fit in now?! The crappiest?

[dragonystic]

man, they sure do like to kick us when we're down. i see no reason for this to be the end of it either. every move like this makes them more $, and the only people who care are the small % of high volume players.