Golden Tee LIVE™
Version 9/16
Page 74
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GOLDEN TEE LIVE FEES
Fee Types
– The 6 different fee types are as follows:
ITNet Fees
Credit Card fees
Communication fees
Prize Pool/Fund
Software Update fees (operator benefit)
Hardware Update fees (operator benefit)
ITNet portion
– This is what is paid to IT for administering a LIVE game or the purchase of virtual balls and
equipment. For every LIVE game the ITNet portion is $0.35. IT is also paid half of the cost when a player
purchases premium balls, Golden Tees or clubs, or paid YouTube
™
shots. The player cost schedule below
breaks out these fees.
Play
Total
Operator
ITNet
Prize
Choice
to Player
Portion
Portion
Fund
Daily Contest
$5.00
$3.65
$0.35
$1.00
18-Hole LIVE
$4.00
$3.65
$0.35
0
18-Hole Stats Play
$4.00
$3.65
$0.35
0
18-Hole for Prizes
$5.00
$3.65
$0.35
$1.00
Closest to the Pin LIVE
$2.00
$0.90
$0.10
$1.00
Closest to the Pin Online
$1.00
$.90
$.10
0
Closest to the Pin Casual
$1.00
$.90
$.10
0
Casual (1 hole)
$0.25
$0.23
$0.02
0
Casual (18 hole)
$4.00
$3.65
$0.35
0
Mulligan
$0.25
$0.25
0
0
Money Shot
$1.00
$0.40
$.10
$0.50
Hole-N-Win Par 3
$0.50
0
$0.50
IT Funded
Hole-N-Win Par 4
$1.00
0
$1.00
IT Funded
Virtual Golf Clubs
$2.00
$1.00
$1.00
0
Virtual Golf Balls
$0.50
$0.25
$0.25
0
Bag of 10 Golden Tees
$0.50
$0.25
$0.25
0
Bag of 25 Golden Tees
$1.00
$0.50
$0.50
0
Bag of 60 Golden Tees
$2.00
$1.00
$1.00
0
Paid YouTube
™
Shots
$0.50
$0.25
$0.25
0
Credit Card fees
– When a player opts to pay by a credit card, there will be a merchant fee associated with this
charge. The fee comes to just under 2% plus a per-transaction fee. When this transaction fee is rolled back in
with the 2% fee, your actual percentage rate ends up being around 7.2%. This may look high, but for a micro
transaction this is low.
For example a normal purchase of $100.00 is made on a credit card. Add the 2% plus a $0.30 per transaction
fee. It comes to $2.30 or 2.3%. Do this same transaction with a $4.00 purchase. You would add the 2% ($0.08) to
the per-transaction fee of $0.30 and you get $0.38. This works out to 9.5%.