WHat's up with the FEES??

[M3Trader]

This is from this month's rakeback report:

Player Added: -$24.00
Used Points: $0.00
Player Fees: -$19.75

I made a deposit for $200 earlier this month, there is a $19.75 fee?? Also, what is this player added deduction, I didn't do any tourneys this month, just cash games and Sit N Go's.

[tony]

Hi M3Trader,

Here is the explanation of the deductions:

These deductions are made by Full Tilt from your gross rake to get net rake on which Full Tilt rakeback is based. You will get a breakdown of these numbers from us after a rakeback payment has been made.

Bonus – Any bonuses released into your account.
Player Added – Money Full Tilt has to add to tournaments. For example, if there is a $10,000 guaranteed tournament and Full Tilt only gets enough buy ins for $9,000, they split the remaining $1,000 by the players in the tournament.
Used Points – Full Tilt Points used on the site or in the store are deducted at a rate of $0.005 per point.
Player Fees – Transaction fees when you deposit money onto the site.
Fraud – Credit chargebacks etc.

Hope now you get it

[M3Trader]

I understood where the fees are for, but I don't understand the $24 player added fee since I didn't do any tournaments, and where is the $19.75 from when I deposit? I did an echeck, they charge back almost 10% for that??

[nicetya]

Hi,

Possible that yes. We can advise yuo to contact poer rooms support directly, since they don' report what exactly do they deduct and how much. Sorry.

[mollila]

Originally Posted by M3Trader but I don't understand the $24 player added fee since I didn't do any tournaments

Player Added fees are for tournaments you participated in where Full Tilt added money to the prize pool. Any money added by Full Tilt is distributed evenly among tournament participants.

I checked your rake and you do have rake from tournaments as well, so it is possible that some of those had added/guaranteed money.

[PSCPRODIGY]

Echecks are a common rakeback deduction. Ive bought in many times this month for myself and friends using echecks and Ive bought a sweatshirt with fpps and tilt has taken $130 off my gross rake. The site normally pays the fee but when you have rakeback they take it out of there. Thats not all that bad though because they deduct it before they do the 27% so say theres a $20 echeck fee that tilt pays you only lose $5.40 from what you get from rakeback at the end of the month. A 2.7% buyin fee isnt bad at all.

[mollila]

The main point here is that rakeback percentage is paid based on the net profit (net rake) a player generates to the poker room. There is no free money, and fees get deducted first.