Kindred - Change to Revenue Share Deductions

**Pokerface** · 4 July 2022, 8:16 am

Just received the following from Kindred.

Dear Affiliate,
For the 18 years I‘ve been in this industry, there has always been an issue around revenue share and the deductions applied ahead of Net Revenue. Here at Kindred we have deducted third-party fees and charges as accurately as possible ahead of Net Revenue.
This means that we have never been able to disclose the specifics of the calculation to you because the % and/or value of some of these fees and charges are confidential.
So, we are changing how we handle deductions and introducing a 35% administration fee (10% in Australia) as of 1st August 2022. This administration fee will be applied to Gross Win, along with any applicable Tax rate, prior to deductions for bonuses, deposit and withdrawal fees and chargebacks.
To be clear, this administration fee % is not on top of any of our existing deductions.
This fee will replace how we currently apply some deductions by clearly defining what we deduct between Gross Win and Net Revenue, so that you now have better visibility on this calculation.
We have prepared some FAQs on this change which you can find here.
In due course we will be updating our Terms and Conditions to reflect this new change in the way that we handle deductions ahead of Net Revenue. You will receive an email about this update and then be prompted to accept these new Terms and Conditions when you log into NetRefer.

**Mattbar** · 4 July 2022, 8:27 am

35% + tax + bonus deductions + payment fees. That's most of the revenue gone.

**affy** · 4 July 2022, 9:24 am

Originally Posted by Pokerface

...So, we are changing how we handle deductions and introducing a 35% administration fee (10% in Australia) as of 1st August 2022. This administration fee will be applied to Gross Win, along with any applicable Tax rate, prior to deductions for bonuses, deposit and withdrawal fees and chargebacks.
To be clear, this administration fee % is not on top of any of our existing deductions...

Let me translate that for you....

"Hey bozo's, we know we call you "partners" funny not?! But let's be clear, you cover everything (and we charge a bit more just cause we can) after that you get a tiny percentage of the NET revenue..."

**Cash Bonus** · 4 July 2022, 5:42 pm

Originally Posted by Mattbar

35% + tax + bonus deductions + payment fees. That's most of the revenue gone.

Absolutely! There's really nothing left for the taking after all those stupid deductions and these guys don't have the best reputation in the business either.

Thread: Kindred - Change to Revenue Share Deductions

LinkBack

Thread Tools

Search Thread

Display

Kindred - Change to Revenue Share Deductions

Posting Permissions