RakeUpdate.com

[ayurice]

This is my first time getting rakeback, so maybe this is a dumb question, but how does "money into rake" become a negative value? And what are "Payment Processor Fees"?

Also, is "rakeupdate.com" the same as "rakereduction.com"?

[ QUOTE ]
Money Into Rake: $ -21.83
Rakeback Percent: 27.00 %
Bonus Deduction $ 0.00
Guaranteed Tournament Deduction $ 0.00
Payment Processor Fees $ -31.25
Points Used Deduction $ 0.00
Money Made Current Month: $ -5.89

[/ QUOTE ]

[Pokeraddict]

I guess this is a Prima skin? A % of your deposit is deducted from MGR to cover the cost of processing your deposit. The cost is 3-8% of your deposit. My guess is that you have played little or very low limits.

[R*R]

This is fulltilt with rakereduction. They show all the charegbacks by Fulltilt for information purposes. Fulltilt
charges back a number of things to your MGR including bonuses, points used, deposit fees etc...
Rakereduction and rakeupdate are the same. Essentially
rakereduction is there marketing division and rakeupdate takes care of all the adminstrative rakeback functions.

[Pokeraddict]

[ QUOTE ]
Guaranteed Tournament Deduction $ 0.00

[/ QUOTE ]

I guess that should have given it away.

[R*R]

[ QUOTE ]
[ QUOTE ]
Guaranteed Tournament Deduction $ 0.00

[/ QUOTE ]

I guess that should have given it away.

[/ QUOTE ]

[img]/images/graemlins/laugh.gif[/img]

[ayurice]

Yeah, it's FTP and i just started. Thanks for the explanation.

[Chomp]

RakeUpdate are teh awesome. A++.

[RakeReduction]

[ QUOTE ]

Rakereduction and rakeupdate are the same. Essentially
rakereduction is there marketing division and rakeupdate takes care of all the adminstrative rakeback functions.

[/ QUOTE ]

Exactly correct [img]/images/graemlins/smile.gif[/img] Same people, we just use a different URL \ Domain to show our rake totals (On purpose)

Additionally, you can click the "news" tab that will explain in greater detail what full tilt charges against the rake in their own words:

Full Tilt charges for items other than bonus's. We asked for an explanation on what you guys get charged for.. Just remember, ANYTHING you purchase from the FT store using your points counts against your rake (.005 per point). Here is what they said:

We calculate revenue by:

– Bonuses (deposit bonus)
– Player fees (processor charges)
– Player added (money we add to a tournament that a player plays in, like a guaranteed tourney, this is split evenly between the participants)
– Points used (bonus points used in our store or something, this is usually very small) = Revenue