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Removal Of Transaction Charges

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Replies: 89

By:

Getafix When: 20 Aug 13 13:14

Thanks. I didn't see that. That is good news. To save anyone else looking:

Betfair is pleased to announce that from Saturday we will be fixing commission in our Football Asian Handicap markets at 0.75%. This pricing promotion will run until December 3rd, whereby upon successful results we hope to roll out for the rest of the Football season.

This fixed rate will apply to all customers betting on these markets. The reduction will override any regional pricing, so your commission on these markets will be 0.75%.* Any Asian handicaps that are currently displaying 5% will benefit from this, but this will be done in the form of a refund.

Get involved now to make this a success and ensure you are able to take advantage of this reduced commission throughout the new season.

By:

sun When: 12 Sep 13 20:32

Thanks for re-posting the above (from Announcements on the football forum some weeks ago). How do we view old announcements?

The reason I ask is when I go to an Asian Handicap market tonight, it sometimes says 0.75% and sometimes 5% commission (for the SAME market!). Probably this is just some issue with my browser, or with the New new site. But the paranoid side of me says, they've hidden the announcement, and now they're upping the commission rate!

By:

siwaadupa When: 12 Sep 13 23:05

Jul 21, 2013 -- 8:56PM, hazel wrote:

Ballabrigs I don't want to fall out over this. Perhaps I have not made myself very clear.I pay pc because of my past winnings. This year I hope to win about £1000 or there abouts from my gambling. I don't ever envisage myself winning at the rate I did in the past. I do consider myself a small time player now ( emphasis on now).For my sins I pay 60% . There is no realistic chance of that ever changing under current rules.Whereas people on here win sums far greater than me (you guess, they may win £10,000 or even 100,000). And they pay a lesser rate than myself. Perhaps 20% or 40% based on their past performance.Yes if I was to win £10,000 this year, then maybe I deserve to pay 60%. But I won'tWinning strategies don't necessarily last forever. But regardless, I am now a small time player winning small amounts, yet paying 60% each week. That is my grievance. Ok, you may have no sympathy for me, and say I got what I deserve, but it doesn't take away the fact that even if I win £20 per week from now on I will continue to pay 60%.. Yet others will win far more and pay a lower percentage.As they say in the city, past performance is not necessarily a guide to future profits.I can't really make my case any more than that. So I will leave it at that and say good luck.

Well said Hazel. Im on PC as well, and have to live with it. Im trying to run my own bussines very slowly right now and I dont believe in bf anymore. They have started being unfriendly, greedy, as they became public company on London Stock Exchange. They needed money from printing a shares and shareholders are the owners right know. The have a same thinking as Phone Operators Companies, Banks and any other companies who offer service to a massive group of audience. The are on short term vision(next 0,5 year-1 year) And they are not caring about future. They seems to not see what is going around(daq) and I wonder if some day the may end as Nokia did.
Competition Can decrease their charges. Nothing else!

By:

Getafix When: 13 Sep 13 17:41

"sun", what is also confusing is that some markets i.e., Hertha Berlin vs Stuttgart tonight (http://sports.betfair.com/Index.do?mi=110844246&ex=1&origin=MRL)

has the text:

0.75% Market Base Rate (minus your discount)

which if, say, you are on 60% discount amounts to an effective commission of 0.3%

the text in the "Total Goals" market which is also considered Asian handicap (http://sports.betfair.com/Index.do?mi=110844189&ex=1&origin=MRL)

Says:
0.75% (no discounts allowed)

Seems strange they are charging different commission amounts considering these are both Asian Handicap markets? Maybe the wording here is incorrect?

By:

schnyder_fan When: 22 Jul 18 14:38

Is this still going? Are premium accounts still transaction charge free?

By:

PeteTheBloke When: 23 Jul 18 00:14

My understanding is that they sneakily replaced it with a charge for more than 1000 bets an hour. You'll
be hard-pressed to find the record of charges because they soon get lost in your accounts if you are
doing more than 1000 bets an hour, which you are, if you see what I mean.

By:

Bud When: 23 Jul 18 11:31

Am I right in thinking that if I process 999 transactions an hour there is no charge but if I process 1001 transactactions an hour I will get charged £10.01 (ie 1p per transaction)?

By:

TheBaron When: 27 Jul 18 10:22

You will be charged 1p for each transaction over 1000 made in 1 hour.

By:

CLYDEBANK29 When: 27 Jul 18 10:52

For some reason if I go on to cancelled bets I have a bet there from March 2006. The bet there has a bet ID of just over 2 billion. The last bet I placed had a bet ID of 131 billion. I'm pretty sure Betfair was quite close to it's peak by then although obviously growing rapidly. I've estimated that just over 10% of matched turnover was achieved by then but with only 1.5% of the bets processed. So perfectly understandable that they should introduce it. An ever increasing number of transactions that don't reault in any business.

By:

aye robot When: 27 Jul 18 12:49

Transaction charges are of-set against commission. Assuming you're matching a reasonable proportion of your bets you are unlikely ever to pay. You're only likely to pay if you're cancelling the bulk of your transactions, if you're placing bets that are very unlikely to match or if you're simultaneously placing transactions that net to zero.

Whilst the racing's on I doubt a single hour goes by without me breaching the 1000 transaction mark but I've never been charged even once.