Transaction Charge.??

[Jimmy]

Has anyone else just received this.?

Also does this mean I will be better off or worse.?

Also it says I have been recently affected?? I dont remember being charged anything extra.???

As you are a Betfair customer who has recently been affected by the Transaction Charge, we're writing to inform you of a change that we will shortly be making to the way the charge is calculated.

In order to bring the Transaction Charge in line with our other charging mechanisms, we will be changing the definition of Implied Commission. From 22nd February 2010 Implied Commission will be calculated using a flat 3% rate of market losses instead of your personal commission rate. Potential Transaction Charges will then be offset against the following amount:

(Commission + Implied Commission) ÷ 2

Where Implied Commission = market losses x 3%.

If you have any questions regarding this change please contact the Helpdesk on 0844 871 0000 or email [email protected].

Regards,

Betfair Pricing.

[Bet Angel]

I thought Betfair had stopped offsetting transaction charges against commission? Probably just against the premium charge I think?