Lifetime total charges

A place to discuss anything.
Post Reply
anonimo95
Posts: 5
Joined: Mon Mar 08, 2021 3:43 pm

Hello, I received an email from betfair when i hit the 40% premium charges milestone saying "For the purposes of introducing a change to the Premium Charge rate that applies to your betting, we will assume that you have always incurred the Premium Charge rate at the prevailing rate.(...) This will ensure that you are considered to have generated total charges equal to at least 40% of lifetime gross profits at the point that the new rate becomes effective."
This would take effect on Monday, March 15th 2021, but until now i don't have my lifetime total charges at 40%, they didnt update it.
Has this ever happened to anyone?

Thanks
User avatar
Derek27
Posts: 25159
Joined: Wed Aug 30, 2017 11:44 am

anonimo95 wrote:
Tue Mar 16, 2021 5:50 pm
Hello, I received an email from betfair when i hit the 40% premium charges milestone saying "For the purposes of introducing a change to the Premium Charge rate that applies to your betting, we will assume that you have always incurred the Premium Charge rate at the prevailing rate.(...) This will ensure that you are considered to have generated total charges equal to at least 40% of lifetime gross profits at the point that the new rate becomes effective."
This would take effect on Monday, March 15th 2021, but until now i don't have my lifetime total charges at 40%, they didnt update it.
Has this ever happened to anyone?

Thanks
Well done for reaching that milestone, albeit an undesirable one. I'm not there yet but it's a standard email that you get. If they didn't assume you were always on 40% you'd have a PC backlog and would have to pay PC even if you suffered a heavy loss the previous week. I would assume the page will be updated soon.
BFDon
Posts: 112
Joined: Fri Feb 09, 2018 5:56 pm

Contact them, when I moved bands I had to give them a nudge to update it
Post Reply

Return to “General discussion”