Fixed rate / premium charge

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rik
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Joined: Sat Jan 25, 2014 5:16 am
Location: London

https://www.youtube.com/watch?v=oOEl5Vq ... u.be&t=619

At 10:20 hes talking about paying a fixed rate rather than premium charge, Not quite sure what hes talking about, is this something you would negotiate? Anyone else paying a fixed rate, what would be the incentive for Betfair to allow that? thanks
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Euler
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Location: Bet Angel HQ
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Fixed-rate is the same as the premium charge, it's just not called it. It's what Betfair should have done from day one for PR purposes.

https://www.betfairtradingblog.com/betf ... -part-one/
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

rik wrote:
Wed Nov 04, 2020 4:18 pm
........., what would be the incentive for Betfair to allow that? thanks
They do like liquidity providers especially if it's for markets with low liquidity they want to promote.
tej
Posts: 6
Joined: Tue Mar 03, 2020 3:18 pm

I have been rejected for a fixed rate instead of premium charge,they said that fixed rate is only for people who qualify for higher rates not 20%

is this right? does anyone paying 20% have a fixed rate? TIA
spreadbetting
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Joined: Sun Jan 31, 2010 8:06 pm

What did you offer them to go on the fixed rate?
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Derek27
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Location: UK

tej wrote:
Fri Dec 18, 2020 1:40 pm
I have been rejected for a fixed rate instead of premium charge,they said that fixed rate is only for people who qualify for higher rates not 20%

is this right? does anyone paying 20% have a fixed rate? TIA
By fixed rate do you mean a fixed fee/amount?
tej
Posts: 6
Joined: Tue Mar 03, 2020 3:18 pm

spreadbetting wrote:
Fri Dec 18, 2020 3:42 pm
What did you offer them to go on the fixed rate?
to pay higher commission every market as opposed to weekly premium charge,
tej
Posts: 6
Joined: Tue Mar 03, 2020 3:18 pm

Derek27 wrote:
Fri Dec 18, 2020 4:33 pm
tej wrote:
Fri Dec 18, 2020 1:40 pm
I have been rejected for a fixed rate instead of premium charge,they said that fixed rate is only for people who qualify for higher rates not 20%

is this right? does anyone paying 20% have a fixed rate? TIA
By fixed rate do you mean a fixed fee/amount?
higher rate of commission paid per market rather than a weekly charge taken on a wednesday. im aware it is basically the same thing just taken in a different way but better for me mentally rather than a lump amount taken in pc
mcfc1981
Posts: 346
Joined: Tue Oct 27, 2009 11:54 pm

Got offered this about 2 year ago......
From memory they offered me about 17% fixed rate which they would review every 2/3 month.

wasn't sure if after the 3 month review if I hadn't paid the equivalent of the 40% premium charge in the fixed rate if I would owe Betfair......decided to stick with Premium charge to save the hassle
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

I'd always assumed the increased fixed rates still went thru the PC calculation as usual on the wednesday just meant you didn't get hit with a lump sum as it'd been spread across the markets. The premium deals seem to be handled manually by a separate pricing team as they get taken off on Wednesday at random times.
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