Poker Forum > Staker Exchange
APAT Staking Exchange - Discussion
Waz1892:
--- Quote from: TightEnd on June 03, 2012, 12:12:26 PM ---
I investigated the "commercial" aspects a while ago
The advice I received was the Financial Services Authority licencing might be an issue to be an intermediary holding third party funds
I stopped at that point!
--- End quote ---
Couldn"t this been done by instead of a licensed player directory which charges a £10 fee, and holds the sums in an intermediary capicity, but as a Members Only criteria for Staking/Stacked, Membership being charged at £10?
Would this make it more easier? I have I mis-understood.
Great idea for the whoel staking either way.
Des:
--- Quote from: TightEnd on June 03, 2012, 12:12:26 PM ---
I investigated the "commercial" aspects a while ago
The advice I received was the Financial Services Authority licencing might be an issue to be an intermediary holding third party funds
I stopped at that point!
--- End quote ---
Thanks for the feedback to date everyone, and please keep your ideas coming. If we do this, I would like it to be right.
Given Tighty"s experience above, I would remove the suggestion that APAT would act as a middleman for fund transfers.
I would also agree that APAT earning 1% of the value of the stakers winnings, paid by the licensed player, makes more sense than 1% of total.
deanp27:
As it is the stakee effectively paying the fee for a managed service, which sounds good in principle btw, what are the advantages for the stakee being staked through here for a one-off event rather than trying to get stakes somewhere else for free?
I like the ideas you have but if I wanted to be staked for an event I am not sure that this would be my first choice due to the fees and %s eating into my equity.
Once you start charging a fee I think you need several factors that differentiate you from other sites and sources of staking.
Just my take on it really.
Maybe if you did it on a free basis you could insist on some hand analysis to be posted from the tournament as a condition in order to stimulate the strategy section?
deanp27:
Also would never consider holding the funds given money laundering regs. As a professional firm, we don"t even hold third party funds due to risk and paperwork required so I"d suggest this as a strict no-no
Des:
--- Quote from: deanp27 on June 03, 2012, 12:48:48 PM ---
As it is the stakee effectively paying the fee for a managed service, which sounds good in principle btw, what are the advantages for the stakee being staked through here for a one-off event rather than trying to get stakes somewhere else for free?
I like the ideas you have but if I wanted to be staked for an event I am not sure that this would be my first choice due to the fees and %s eating into my equity.
Once you start charging a fee I think you need several factors that differentiate you from other sites and sources of staking.
Just my take on it really.
Maybe if you did it on a free basis you could insist on some hand analysis to be posted from the tournament as a condition in order to stimulate the strategy section?
--- End quote ---
Actually my thinking was that we don"t want to compete with the other sites in this market. Adding a premium should keep the APAT market manageable and perhaps under the radar of the more opportunistic staker chasers.
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