So, for example, if within the same hour you placed bets on the Betting Exchange and bets on Exchange Games, no Transaction Charges would be payable in respect of any of those bets. At the end of every day, we add up all the bets you placed or edited whether matched, cancelled or lapsed.
If this number is in excess of in any hour of the day then:. For the purpose of Transaction Charges, bets on financial markets will count as 0. This will form the basis of the transaction fee, but we will offset this fee against the following amount:. Any remaining amount will be charged to your account on a daily basis.
Accounts that relate to one person, entity, API subscription or a Master account Trading version only with related Sub accounts are treated as one customer for the purposes of transaction charging. Note that no Betfair points will accrue for transaction fees. However, additional charges may apply in some cases to reflect the cost incurred by Betfair as a result of processing excessive transactions.
Please note that if you become eligible to incur additional deposit and withdrawal charges, we will contact you before any charges are paid. The Premium Charge only applies in respect of bets placed on the Betfair Exchange and it does not apply to any bets placed on other Betfair products.
In addition to the other charges detailed above, a small number less than 0. The details of these calculations are explained below. The vast majority of customers, and even the majority of those whose betting on Betfair is profitable since they joined, do not meet both these conditions and will not incur the Premium Charge.
While those conditions accurately describe our most successful customers, they might also apply to new customers who have only bet in a few markets, or those whose accounts are in profit because of a significant big win.
Please note that for the purposes of calculating the charge we will assume that the charge has been in place since Betfair launched in June Assuming hypothetical charges had been paid prior to introduction of the charge has the effect of reducing the amount that customers would typically incur.
Please note this figure applies exclusively to the maximum amount of Premium Charge payable. Accounts that relate to one person, entity, API subscription or a Master Account with related Sub- accounts Trading version only are treated as one customer for the purposes of calculating Premium Charges.
Note that no Betfair points will accrue for Premium Charges. In circumstances where Betfair considers, in its absolute discretion, that multiple accounts have been used by one person or group of persons in order to avoid or reduce liability for the Premium Charge, Betfair shall be entitled to treat those accounts as if they relate to one person for the purposes of calculating Premium Charges.
In such circumstances Betfair shall link those accounts and the linked accounts shall be jointly and severally liable for any unpaid Premium Charge. The Premium Charge will be debited from any such account s where applicable. When you win, Betfair collects commission at your rate of commission, but when you lose, the commission collected by Betfair from the winners is at their rate. Premium Charge Summary You will only be considered for the Premium Charge if, over the lifetime of your account, you satisfy the following criteria:.
Two further conditions reduce the likelihood that you will be required to pay the Premium Charge:. Higher rates of Premium Charge will apply to the very small number of customers less than 0. The Premium Charge rate applied to each customer that satisfies these conditions is dependent on their lifetime commission generated to gross profits ratio. The exact rate will be determined by the following table:. If you satisfy the conditions set out above on 20th June , your lifetime commission generated to gross profits ratio on that date will be used to determine the Premium Charge rate that will be applied to your betting thereafter.
If you first satisfy the conditions above after 20th June , your Premium Charge rate will be determined based on your lifetime commission generated to gross profits ratio at that time. 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 at the prevailing rate. It is possible that your lifetime commission generated to gross profits ratio will change to the extent that your applicable Premium Charge rate will require adjustment.
Should your rate change, we will recalculate as if you had always incurred the Premium Charge at the new rate. If your rate has decreased eg if your lifetime commission generated to gross profits ratio increases from 4.
You are entitled to seek review of your Premium Charge rate at any time. The Inactive Account Fee will be withdrawn from the main licence wallet of your Betfair account your " Main Wallet " on a monthly basis to the extent that the Main Wallet remains in credit and only for the period during which there remains no Account Activity after the initial thirteen month period has passed.
To request a refund, please contact our Customer Service team here. If your country of registration is outside the UK and you hold more than one Betfair account, you will only incur an Inactive Account Fee in respect of one account at any one time meaning that you will never pay more than one Inactive Account Fee per month. Please note that if you become eligible to incur Turnover Charges, we will contact you before any charges are paid.
This charge will only apply to customers who during a particular week Monday to Sunday GMT meet each of the below criteria: The turnover charge will be 1. The charge will be calculated for the period from each Monday to Sunday GMT , and will be payable on a retrospective basis.
Please note the charge will not be applicable to any lay bets. Customers will be contacted directly by a Betfair representative and informed on the first occasion on which this turnover charge would have been payable.
Betfair Charges Introduction There are two types of charges that you may be required to pay. All charges are inclusive of VAT, if applicable. Charges applicable only to the Betfair Exchange For the vast majority of Betfair Exchange customers, the only charges paid to Betfair will be Commission on net winnings in an Exchange market, as set out in more detail in Section 1 below.
You earn Betfair Points. Example using implied commission: You earn 35 Betfair Points. This occurs at midnight GMT every Sunday using one of the tables below: Sports Multiples Betfair charges commission on winning sports Multiples bets. Horse Racing Multiples When betting on horse racing Multiples the odds of each leg will be based on the Betfair SP, adjusted by a margin. Transaction Charges This section only applies to the Betfair Exchange.
If this number is in excess of in any hour of the day then: This will form the basis of the transaction fee, but we will offset this fee against the following amount: However, between the hours of In all other hours you placed less than bets on all markets. Premium Charges The Premium Charge only applies in respect of bets placed on the Betfair Exchange and it does not apply to any bets placed on other Betfair products.
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