So what do books really pay for NT ?

Doug · Dec 24, 2006

Anybody have inside info ?

I'm sure there are different deals. Pinny pays 50k for a flat $15, others only give you $500 for $15, then $30 for $2500. Some limit you to 5k a month, then charge 4%, thereafter.

5Dimes does 9k for $15.

Do I hurt a book by depositing $2000 in a day in 5 transactions as oppossed to all at once, I do that often at Pinny, if I withdraw from Pinny, I take it all for my $15 fee, then maybe send it back there, maybe I send it to Matchbook as I shop, or elsewhere.

Who knows the real deal ?

I thought there might be a plan like with the phone company where I pay a flat rate and can call anywhere in USA at anytime for a flat monthly rate.

PyRoCaPPer · Dec 24, 2006

Doug can you help out in my thread

The_Man · Dec 24, 2006

about 2-3%

Doug · Dec 24, 2006

But there have to be different deals, Pinny doesn't pay 2% of $50,000 ( $1,000) and charge $15 ! 5Dimes doesn't pay more than $15 for 9K.

I think the fees vary very widely, with small books getting very high fees, making the little guy even less likely to succeed.

AlwaysKeen · Dec 24, 2006

yeah, I'd like to know more about this as well...I assume the more volume a book does witn neteller, the bigger the discount...

X-Files · Dec 24, 2006

I'd guess the bigger volume books get better deals,
just like bigger deposits may get bigger % bonuses &
buying drugs by the pound is "cheaper" than buying
a toke at a time. If i was running Neteller that's how
i would do it.

Doug · Dec 24, 2006

I never have seen a good breakdown of how it works. I believe smal books are at a real disadvantage ( like a Sexywagers), but it doesn't matter if I deposit to even a small book in several steps ( like 500 four different times in a day, instead of 2k all at once), or does it ?

Doug · Dec 24, 2006

Does it work for a book like it would work for me calling Canada ?

If I use a 10-10-9-8-7 number to call Canada it costs a 39 cent connection fee, then 3 cents a minute, so a 20 minute call is more econimical in one shot rather than four 5 minute calls, eh !

I honestly don't know if multiple deposits hurt a book ?

X-Files · Dec 24, 2006

Why not contact Neteller, tell them you work for Donald Trump,
and he's considering opening an online book, and ask them for
all the details. Post their reply here. In case they don't know
who he is, include this link with your email.

http://en.wikipedia.org/wiki/Donald_Trump

"...an American-based real estate developer in the premium real estate market and the founder of Trump Entertainment, which operates gambling casinos."

sean1 · Dec 24, 2006

2-3% is Neteller's standard fee if you sign up as a company with them. The amount is based on transaction amount. This is simply a merchant fee.

I am sure if you do another business with them and establish your credit, you can get the rate lower.

These businesses aren't really transferring cash back and forth - they prob have an account on retainer with neteller that goes up and down with w/d and dep.

I am sure neteller is willing to work you down to .5 or 1% if you are moving millions andhave good credit with them..

Sean

AlwaysKeen · Dec 25, 2006

I think that sounds about right sean...

TTinCO · Dec 25, 2006

Don't assume that a book is paying what they are charging you to move $$$$. I think this is one of the larger expenses, and the competition has led them to take a loss on it.

Whoson1st · Dec 25, 2006

How does WSEX have no fee ($0) for instacash (Neteller) deposits? Also FREE withdrawals once every 10 days? FREE as in $0.

NO book--REPEAT NO book offers that good of a deal from what I've seen.

vanzack · Dec 25, 2006

2.9% on deposits coming in to book

NOTHING on withdrawals going back to player.

:toast:

Doug · Dec 25, 2006

Here's a quote from an e-mail sent to me from one of my books ( that I prefer not to identify).

I just figured I would help you out to save money on your payouts---the thing with Neteller is we pay 3.9% in and out…and if they deposit by InstaCash we eat that too….that is the reason for our max of 5K free a month.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com

ffice

ffice" /><o

></o

>
Paper checks cost me $40-$50 (depending on which vendor) to send….echecks (through Citadel)cost $4…so I offer them for free…<o

></o

>

Doug · Dec 25, 2006

TTinCO said:
Don't assume that a book is paying what they are charging you to move $$$$. I think this is one of the larger expenses, and the competition has led them to take a loss on it.

Right Terry, it's huge especially eating the 8.9% instacash fee as many do.

If two players come in that way, and bet opposite each other, the vig doesn't cover the fees ( if they really pay 8.9%). I think that number is constant, BTW.

I'd not eat that if I ran a book, I'd make the player use another method, or charge for it.

Even standard fees of 3% or so make it hard for a new book, that is huge.

Doug · Dec 25, 2006

vanzack said:
2.9% on deposits coming in to book

NOTHING on withdrawals going back to player.

:toast:

I'm not so sure about that. If so why do some smaller books charge $15 to $500, then $30 to $2500 ?

Then many cap at $2500, but others go to 9k or 50k.

There has to be different deals tailored to each vendor.

Hard for NT to give this up, they make a ton off of books.

So what do books really pay for NT ?

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