Your Input Please Videoslots: Lower RTP for UK, Sweden, Germany & Others

dionysus

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Reduced RTP's on some games or not, it's still 100 times better than being charged actual money to deposit funds on sites like Rizk. That sort of carry-on effectively reduces the RTP% on every game on the site in one swoop.
I'm not saying they will, but sometimes it just takes a pm to your mngr to waive thiose fees
 

Slottery

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Reduced RTP's on some games or not, it's still 100 times better than being charged actual money to deposit funds on sites like Rizk. That sort of carry-on effectively reduces the RTP% on every game on the site in one swoop.

They really haven't charged anything for transaction for long time, they used to but i think it's not allowed anymore, at least some markets, don't really know casinos who would charge for transactions:

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brianmon

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They really haven't charged anything for transaction for long time, they used to but i think it's not allowed anymore, at least some markets, don't really know casinos who would charge for transactions:

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Aspire Global still charge 2.5% on credit and debit cards, at least to UK customers. I thought this was forbidden now
 

Slottery

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Aspire Global still charge 2.5% on credit and debit cards, at least to UK customers. I thought this was forbidden now

AFAIK, UK for sure it should not be allowed to charge from your deposits.

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e: and as in article, it should be whole Europe at least. Not sure about casinos who operate from outside EU license.
 

Jono777

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Aspire Global still charge 2.5% on credit and debit cards, at least to UK customers. I thought this was forbidden now

It is! - One of the very first new implementations which came into force once the UKGC started throwing their weight about IIRC.
 

Slottery

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They have UKGC and MGA licenses, and are based in Malta

Would really ask them to explain a little bit why they are doing it as many others (like mentioned Rizk) stopped it when this regulation came on. That should not be allowed to do, and they probably add it top of your deposit that you are charged deposit+2,5%? That i could make a little bet, should not be allowed.
 

colinsunderland

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Rizk only stopped after they were pulled up on here about it.

Aspire - do they charge for all deposits or just card ones? They can charge as long as it is on all methods, but they can't charge for only card payments.
 

Slottery

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Aspire - do they charge for all deposits or just card ones? They can charge as long as it is on all methods, but they can't charge for only card payments.
Stand corrected if this is the case @colinsunderland is much more educated in different policies, just remembered that many casinos took all fees away at some point quite fast . Great that somebody follow and study these this closely, appreciated.
 

brianmon

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Rizk only stopped after they were pulled up on here about it.

Aspire - do they charge for all deposits or just card ones? They can charge as long as it is on all methods, but they can't charge for only card payments.
Just on cards, and its not even a flat 'processing fee'. it's 2.5% on top of the deposit amount.
The other methods they use.. Neteller, Skrill and PaySafe are all free
 

colinsunderland

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Neil: Colin, there is a 2.5% processing charge on all deposits

Colin: thanks

Neil: On withdrawals there is no processing fee :)

Colin: is that on skrill etc too?

Neil: Yes


so they rip you off on all deposits not just cards :)
6-8 days for withdrawals too, wtf, why would anyone play there!
 

brianmon

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Neil: Colin, there is a 2.5% processing charge on all deposits

Colin: thanks

Neil: On withdrawals there is no processing fee :)

Colin: is that on skrill etc too?

Neil: Yes


so they rip you off on all deposits not just cards :)
6-8 days for withdrawals too, wtf, why would anyone play there!

Maybe different casinos, within the group, have different rules. CasinoLuck only charge on Cards
 

Lemon

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In all fairness I haven't been on Rizk recently to see if anything has changed, so my apologies if they no longer charge UK players for deposits made by debit card :)
 

colinsunderland

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Maybe different casinos, within the group, have different rules. CasinoLuck only charge on Cards

Yep you're right
@CasinoLuck_Eric any comments?

Colin: can i check if you charge fees on deposits please?

Chris: yes that is correct 2.5%

Colin: is that on every method, skrill and other ewallets?

Chris: ewallets are not charged no

Colin: so just on cards? Thats illegal in the UK

Chris: we are not in the UK Colin sorry :(

Colin: I am though so it is illegal for you to charge a card surcharge to UK customers

Chris: we are governed by the UKGC and this is in the T&C's of the site Colin

Colin: where exactly in the T&C's please as I couldn't find it anywhere

Chris: your fins them at the bottom of the main page of the site

Colin: yes I did, and I searched them for deposit and couldn't find any mention of deposit fees

Chris: 7.3 You understand that all financial account transactions will be handled by Us, or third party electronic payment processors and/or financial institutions on Our behalf and checks on financial account transactions shall be done to prevent money laundering. To the extent that they do not conflict with the terms of this Agreement, You agree to be bound by the terms and conditions of such third party electronic payment processors and/or financial institutions. We reserve the right to run credit checks with third parties using the information submitted to Us by You through the opening of the Player Account or by any other means.

Colin: that doesn't mention a deposit fee anywhere?

Colin: so despite you saying its in the terms and conditions, it actually isn't? Are you based within the EU?

Colin:
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Colin: When you pay for something in the EU using your credit or debit card, traders and banks cannot charge you an extra fee – also known as "surcharging" – just for using a particular card. This rule applies to all card purchases (in shops and online) made within your home country or in another EU country.

Chris: Colin, i am not a legal rep for the company i'm sorry i can not open your links to EU laws etc. if you wish to complain about our T&C's please email the manager on [email protected]

Colin: where are you actually based?

Chris: We, Aspire Global are based in Malta
 

brianmon

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Yep you're right
@CasinoLuck_Eric any comments?

Colin: can i check if you charge fees on deposits please?

Chris: yes that is correct 2.5%

Colin: is that on every method, skrill and other ewallets?

Chris: ewallets are not charged no

Colin: so just on cards? Thats illegal in the UK

Chris: we are not in the UK Colin sorry :(

Colin: I am though so it is illegal for you to charge a card surcharge to UK customers

Chris: we are governed by the UKGC and this is in the T&C's of the site Colin

Colin: where exactly in the T&C's please as I couldn't find it anywhere

Chris: your fins them at the bottom of the main page of the site

Colin: yes I did, and I searched them for deposit and couldn't find any mention of deposit fees

Chris: 7.3 You understand that all financial account transactions will be handled by Us, or third party electronic payment processors and/or financial institutions on Our behalf and checks on financial account transactions shall be done to prevent money laundering. To the extent that they do not conflict with the terms of this Agreement, You agree to be bound by the terms and conditions of such third party electronic payment processors and/or financial institutions. We reserve the right to run credit checks with third parties using the information submitted to Us by You through the opening of the Player Account or by any other means.

Colin: that doesn't mention a deposit fee anywhere?

Colin: so despite you saying its in the terms and conditions, it actually isn't? Are you based within the EU?

Colin:
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Colin: When you pay for something in the EU using your credit or debit card, traders and banks cannot charge you an extra fee – also known as "surcharging" – just for using a particular card. This rule applies to all card purchases (in shops and online) made within your home country or in another EU country.

Chris: Colin, i am not a legal rep for the company i'm sorry i can not open your links to EU laws etc. if you wish to complain about our T&C's please email the manager on [email protected]

Colin: where are you actually based?

Chris: We, Aspire Global are based in Malta
And the other two from the original group on EveryMatrix (before Aspire ruined them), WildSlots and Next Casino
 

CasinoNinja

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It sucks that most of the freerolls now are Play and Go, at least of those that give you freespins, so even lesser value due to the RTP being gimped.

In addition to this, I noticed yesterday when I signed up for the daily rebuy tournament in the afternoon, it used to be €850 guaranteed but it's been reduced to €750, on top of that they changed it so you can do 3 rebuys instead of just one! I didnt notice until I had used 1 rebuy thinking that was it, but boy I was wrong.
I ended up not using the 2 last rebuys, the prize was not worth it to spend €20 on for a slim chance of winning.-

So I can see they are trying every way to bring in extra cash.

I do like their wheels though, but that's about it at the moment.
 

nikantw

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Hey, I want it to be true. Then other countries may follow and everything will be better. The 2nd site I found was a legal firm. I am looking at your government and gambling authority now.
Some say proceeds or income and mean net, others mean gross. Its the nature of gambling.
A clear definition is usually found in the official legislation document.

I remembered this debate about the 18% Swedish tax being on net or gross profit.
Had another look and :

"You have to pay gambling tax on the proceeds for each taxation period, i.e. the difference between all stakes you have received and the total payouts you have made over the period. "

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That clears it in the most official way. It is a 18% tax on gross revenue like every other country.
A totally unreasonable and completely harmful taxation for the players.

Of course by now VS has lowered the RTP for all countries ..........
 

Kroffe

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I remembered this debate about the 18% Swedish tax being on net or gross profit.
Had another look and :

"You have to pay gambling tax on the proceeds for each taxation period, i.e. the difference between all stakes you have received and the total payouts you have made over the period. "

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That clears it in the most official way. It is a 18% tax on gross revenue like every other country.
A totally unreasonable and completely harmful taxation for the players.

Of course by now VS has lowered the RTP for all countries ..........

It should also be noted i think, that this goes for everybody who has the license, and the vast majority has NOT reduced rtp for their players.
So i dont think all blame should be shifted onto the regulation.
Unless the majority of license-holders are bleeding money by having "normal" rtp, i would say the ones who have reduced it in response to the tax have done so out of greed rather than need.

Heres a list of who holds a license currently (93 licenses atm)
---->>
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<<----

Edit: As a sidenote: i hate the regulation and i want my quickspins and bonuses back.
 

nikantw

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It should also be noted i think, that this goes for everybody who has the license, and the vast majority has NOT reduced rtp for their players.
So i dont think all blame should be shifted onto the regulation.
Unless the majority of license-holders are bleeding money by having "normal" rtp, i would say the ones who have reduced it in response to the tax have done so out of greed rather than need.

Heres a list of who holds a license currently (93 licenses atm)
---->>
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<<----

Edit: As a sidenote: i hate the regulation and i want my quickspins and bonuses back.

The only reasonable tax is on net profit. There is no question about it.
A tax on gross profit will hurt the player always. For example, without it the good casinos would be able to give more cashback or include games with higher RTP.

How the casinos decide to handle the tax doesn't make the tax less harmful for the player.
 

Slottery

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Maybe (especially in Sweden where they like to see less people gambling and reduce harms by these regulations like ban bonuses etc..) one reason to take tax from GGR is make gambling less tempting by stopping players to make any "extra" deposit what wasn't planned but just because casino sent out nice promotion.

Also in UK promotions need to follow quite strict guidelines by ASA (?) or who ever, offers shouldn't create any urgency to make you deposit now or it's too late.. For some players these kind of promotions what players like as getting something extra, are one way to spend over their means when surprise email in your inbox trigger you to make "just one deposit" more even you didn't plan for it before next week.
 

colinsunderland

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Just reported aspire to the ASA under the urgency rule. Aspire as usual didn't bother replying to my email, so requested a SAR from them to see where their spammy affiliate got my email address
 

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