Fast start bonus - Admin clarification

[syndicateworld]

Below is a paste of an email I receive from Admin. I thought I'd post it here as I know others were confused, like me, thinking US associates would only have to sponsor 1 Brit to cover their costs and we'd have to sponsor 4 Americans. But from this it's clear that you can never earn more than 100 - be it GBP, USD or EUR. So VWD gets to keep the difference when a US associate sponsors a UK one.

If a UK associate sponsors a US óne, do they get a fast start bonus of USD 100 (converted into GBP?)
They would get USD 100.
If a US associate sponsors a UK one, do they get a fast start bonus of GBP 100 (converted into USD)?
They would get USD 100.

For the game rake, does an associate get the relevant % of the currency in which the games are played?
Yes, the associate will get the relevant % of the currency in which the games are played.

If a UK player plays a US player, would the UK player pay, for example 1 pound and the US player 1 dollar?
No, if the UK player paid £1 then the US player would need to pay the equivalent of this in USD.
If so, would the prize money then be GBP 1.50 if the UK player wins and USD 1.50 if the US player wins?
The prize fund will be 75% of the total of game fee generated.

[Garethrowen]

A great question syndicateworld and well done to ask admin at this stage.

The answers are what I would have hoped for and expected ... so what if VWD get the difference in the US/UK scenario ? none of us would have even been here but for VWD ... I am sure they will spend it wisely to help us all build our businesses further !!

That should clear up any problems about some people saying it is unfair to those of use dealing in £'s rather than $'s

Regards,

Gareth
www.uvmoi.com

[syndicateworld]

Originally Posted by Garethrowen

The answers are what I would have hoped for and expected ... so what if VWD get the difference in the US/UK scenario ? none of us would have even been here but for VWD ... I am sure they will spend it wisely to help us all build our businesses further !!

Indeed! I don't begrudge VWD getting to pocket the difference in the slightest. I've given them brickbats in the past but I'm equally generous with the bouquets and this time that's what I'm giving them - it's the fairest way all round. So those of us who were seriously considering a post restante address overseas for our uVme businesses don't need to bother!!!

[LottoIncome.com]

Originally Posted by syndicateworld;34892[FONT=Arial Narrow

[/font]
If a UK associate sponsors a US óne, do they get a fast start bonus of USD 100 (converted into GBP?)
They would get USD 100.
If a US associate sponsors a UK one, do they get a fast start bonus of GBP 100 (converted into USD)?
[font=Arial Narrow]They would get USD 100.

Surely this can't be right can it?

From the above, associates in the UK have to pay twice as much in fees compared to those in the US, but only get the same commission as the US associate.

If this is actually correct, it will only be worthwhile UK associates introducing other uK associates in order to get the £10 bonuses.

[LottoIncome.com]

"£10 bonuses" above should have read £100 bonuses.

[lottomad.com]

This was mentioned at the mini uvme meeting.

If its cheaper to join in the usa, then it will be easier to recruit in the states.

Also they pay less but they earn less in comparison with what we would earn.

And dont forget, currency fluctuate, rise and fall.

[kevin]

So why not pay a set realistic universal fee and payplan.

[Garethrowen]

There have been other threads about this subject which can be found on the forum. It is a potentially complicated area but I fully believe this has been dealt with in the best way possible worldwide... the spending power of £200 is approx. equivalent to $200 in the States and Euros 200 in Europe... that is why the sign-up fee has been set like that.

The main point here is that we won't have the ridiculous situation of 2 players playing against each other having staked a different amount of money in a game:
If a UK player plays a US player, would the UK player pay, for example 1 pound and the US player 1 dollar?
No, if the UK player paid £1 then the US player would need to pay the equivalent of this in USD.


The associate 'registration fees/licences' difference should not matter as you are far more likely to sign up associates for $200 than $400 in the States.

I believe the answers that 'Ms. syndicateworld' has got for us today are perfectly accaptable and understandable.... and well done to VWD for confirming the details !!!!!!

[elotto-online]

Originally Posted by kevin

So why not pay a set realistic universal fee and payplan.

I agree, it seems simple enough to have one fee which translates into whatever currency you use rather than different fees for different parts of the globe. We manage it for just about everything else, just look at how many online shops etc sell to all the world.

The fact I need 4 US associates to cover my start up cost but a US associate only needs 2 hardly seems fair.

As quite a proportion of my team is from overseas I need to get a lot more people involved to be reasonably sure of making good money.

[LottoIncome.com]

[quote=Garethrowen;34900]the spending power of £200 is approx. equivalent to $200 in the States and Euros 200 in Europe... that is why the sign-up fee has been set like that.
QUOTE]

So when the US associates get their $100 FSB they get $100 spending power in the USA, but when we get our $100 FSB, we only get £50 spending power here in the UK?

It still smacks a bit to me. I too think we should all pay in US$ and all receive bonuses in US$, which would make us all equal in terms of spending power.

I'll be taking this up with Eric on Sunday.