Quote:
Originally Posted by Nima620
Faraz congrats on the run and thanks for allowing us to be apart of it.
This is my first time backing a player on 2p2, How do you usually pay people out?
Hey bud,
I basically payout in the form I get paid in from the cash but then for example if people don't have pokerstars accounts or obviously wouldn't want South African rand etc then i convert it to USD and wire it and you'd basically lose the same percent that i did on exchanging it or the vig i had to pay to get it into USD.
With that said i actually forgot to state this clearly in the OP so I didn't charge anyone a vig for my stars score even though i did have to pay a vig to get it wired to me in USD. For the South African Rand i did charge the vig since that one is fairly obvious. Next time i'll make sure to state this in the OP so everything is clearcut. Wasn't as much of an issue before when money transfers used to be so easy back in the day when everybody could just have stars, neteller accounts so freely. But yea i think this is the most fair way to go about it. The investors basically end up having to deal with the currency in the same forms or at the same vigs that i have to but obviously don't have to go through the hassle of exchanging it as thats part of my duty.
Let me know if anyone has any comments or concerns but i can't think of any way that would be more straightforward or fair than this for future packages.