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Why the high minimum on checks?

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  • #600372
    Anonymous
    Inactive

    As a newbie casino affiliate webmaster I am lucky to meet the minimum payment requirements in general with most affiliate programs. Now that Neteller is out and several others it’s looking like my surest option is check, which I don’t mind waiting for. What I don’t understand as an accountant by trade is why these affiliate programs have such a high minimum for checks? I know that it only takes the push of a button to produce a check and approximately $0.03 for the paper it is written. Surely it can’t be the postage. What happens when these programs put an end to US affiliates? What will happen to the money that is owed if the minimum was never met? Will it be absorbed back into the programs revenue? 32Red sent my less than minimum payment when they ceased US players. Why won’t the other affiliate programs follow suit? Give us little girls a break! Sorry had to vent.

    #724524
    Anonymous
    Inactive

    I cost money and time to do checks..

    #724527
    biggyg
    Member

    yup 50 cents for the bank fee , 1.05 for the stamp plus the cost to pay the bookkeeper to prepare the check and a check can easily cost them $5.00 + to process

    #724529
    Anonymous
    Inactive
    casinobonusguy wrote:
    yup 50 cents for the bank fee , 1.05 for the stamp plus the cost to pay the bookkeeper to prepare the check and a check can easily cost them $5.00 + to process

    $5.00 Service Charge Fee is a lot less than the Wire Fees. Hell I’d be happy to pay a $5.00 Service Charge for a check.

    #724533
    biggyg
    Member

    Well who knows what their fees are , this is what it would cost me with payroll of 3 in canada and only paying a bookkeeper $160.00 a week to do our payroll and submit taxes to governement

    #724539
    Anonymous
    Inactive

    It seems that cheques are fiddly …

    I’ve received cheques from a few places now (not including payment mechanism like Neteller) – and they are nearly always hand-written.

    So imagine the systems that have to be put in place to make sure they get it right and correctly record it all. I think it’s pretty manual.

    $10 buys you a total of 15-20 minutes of someones time.
    They have to :
    – access your account
    – write the check
    – get the check signed
    – confirm your address
    – write the envelope
    – pass an entry into your account to reflect the check

    (and then there could be mail fraud and they’ll have to repeat it all)
    :lookaroun

    As an example :

    Remember all the hassle it used to be to pay your own bills by check -and there the company told you how much was owed and usually included a post-paid and addressed envelope.

    It took 4-5 minutes to make sure you hadn’t already paid, find the check book, and write it all out. And then you have to find a mail-box …

    Now many people pay their bills online via internet banking – have perfect records – and it’s done in 15 seconds.

Viewing 6 posts - 1 through 6 (of 6 total)