Transaction Charge Changes
Over the years, the Exchange has processed an increasing number of transactions at an ever-increasing cost to infrastructure and stability.
Therefore, from 1st September 2020, Betfair will be changing the thresholds of the Transaction Charge. The changes are as follows:
• The new limit of “free” transactions will be set at 5,000 transactions per hour. o A “transaction” shall include all bets placed and all failed transactions.
• Every transaction that exceeds the limit will incur a cost of £0.002 (a fifth of a penny). o This cost will be offset by a user’s commission generated.
• There will be no exemptions from this charge.
We have modelled the new charge to disincentivise wasteful transactional behaviour and promote platform stability on a level playing field. It is possible to trade multiple events and markets without ever incurring any of these charges.
Your account manager will be in touch if you would have incurred these charges in the past, giving you an opportunity to update trading strategies and fix bugs before the charge goes live on 1st September
News, chat and debate about the Betfair betting exchange.
Big changes to how transactions how charged, good for the majority if you ask me.
The fact that not everyone has a 1000trn limit. It's always the case in a symbiotic business relationship that there's some latitude if you make a proposal that's mutually beneficial.
There's a peculiar us vs them bitchyness about Betfair on this forum. Like them or not they're the primary supplier to our 'businesses' and as such it pays to nurture that relationship. Rules like the previous limits were only ever intended for the general public and they've always been open to having a professional relationship with their professional users. And 'professional' imo means working with people through difficulties rather than having a paddy and throwing your toys out of the pram at the slightest glitch.
Do people think Betfair don't take notice of what people say? When people moan and then can't get refunds, other people who treat them as partners rather than as the opposition are being treated really rather well. Let's just say you catch more flies with sugar than you do with vinegar.
I just read it as people wanting to vent.ShaunWhite wrote: ↑Tue Jun 30, 2020 8:26 pmDo people think Betfair don't take notice of what people say? When people moan and then can't get refunds, other people who treat them as partners rather than as the opposition are being treated really rather well. Let's just say you catch more flies with sugar than you do with vinegar.
Betfair don't treat their customers anywhere near the same level as, say, financial markets. So it's natural for people to vent I think?
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