Costs & Entry Fees

[Just Curious]

We all know how expensive attending Tournaments can be. The cost of a 7-man Team attending one of the Millennium Events is not something to be laughed at.

For example, for us to attend the Malaga event travel costs and accommodation alone will be approx. £2,500.00. Add to this the cost of Paint that will be used, another £500-£600, Food for the duration, another £100-£150. (I won't include the money spent on booze) All total you are looking at approx. £3,000.00 - £3,500.00 just to play one event! Mental or what?

Oh, I forgot the Entry Fee for the Event which brings me to my point. Entry fees for the Millennium Events, as posted on their site is as follows:
Pro €1,500.00 (Premier League)
Am A €1,200.00 (Div 1)
Am B €1,000.00 (Div 2)
Nov €900.00 (Div 3)
I find these entry fees quite reasonable for what is provided.

So, What is your point? I hear you ask….its this, why after paying the above entry fee have we been informed that we are £20.00 short? The fee was €900.00 which was duly paid to the account advised on the Entry form. Are we as Teams now going to be held responsible for where the Event Organiser holds his Bank Accounts and be subject to any shortfall due to Exchange Rates? Or is it because we are a UK based Team and are expected to pay in Sterling? If the latter I feel we are owed an explanation why! Entry Fee €900.00, €900.00 Paid, done, finished, no BullS**t about losing out on Exchange Rates!

Its not the money, £20.00 is a round of drinks ffs, it’s the principle! Why should it cost UK Teams more to attend an Event than European Mainland Teams? Have any other Teams, UK based or otherwise encountered the same problem?

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Be advised that the above is my personal opinion and not necessarily that of any of my team-mates.

 

[shwoomie]

the thing is that when paying to a foreign bank (in my case everytime) the bank takes a fee for it for both sides the payer and the receiver.. i noticed in DAM when we reported in at the millenium stand that there was a 8.80e marked after our team name and that some other teams had other small amounts too, and im guessing this is because of the bank fees or something similar since i know i paid the 1000e plus my bank fees but we didnt get charged for that amount and i dont know if any other teams did either but it could happen!

now the questions is do we (the teams) have to pay for the organizers bank fees too since many banks charge a fee for foreign transfers specially if the information is not given in the ibank codes!

now im all for paying the the organizers bank fees if i can get something for it say a lanyard for strapping my player id on or something...stickers perhaps or a better idea a paid professional reffing crew?

of course the MS organisers cant do anything to the bank fees but if they try to charge them on the registration booth they just picked the wrong guy to ask the money from!

 

[Just Curious]

Bank Fees: The Organizers know or should know that they will incurr Bank transfer charges, they should also know that if the Entry Fees are in € and their account is in £ then there will be a currency exchange. My point is..why should us Teams be subject to Exchange rate variance in the conversion. A flat rate entry fee was announced, in our case €900.00. That is all we should be required to pay!

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Be advised that the above is my personal opinion and not necessarily that of any of my team-mates.

 

[pat]

And you have also got to take into Account the €50.00 Spending money you will be taking .....

 

[LARSEN]

If a promoter asks for 1000 Euro then he expects 1000 Euro

Not 992 euro not 1008 euro.

Any one that transfeers money should pay the fee them self unless anything else is agreed.

And its the same for everyone exept the few lucky people that might live in the same country as the promoter, they get a tiny discount once a year.

Can´t see the problem.

 

[Just Curious]

Pat...u muppet

I'm fed up covering yer ass financially The 50Euro is for sleeping tablets and ear-plugs!

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Larsen,

Good point and I agree with that. If there is a shortfall in the amount of Euro received then that should be 'made-up' by the Team BUT not any loss due to Exchange Rates.

Say a French/German or any other non-UK Team want to attend one of these events. They pay the entry fee in Euro as requested will they be asked to cover the loss on Exchange rates just because one of the Mill Organizors accounts are in Sterling and has deemed that a certain exchange rate will be used?

Again, its not about the money its the principle. Its expensive enough attending these events without being saddled with an extra charge that we have no control over. The entry fees are in Euro so should be accepted in Euro! What if the Exchnage Rate went the other way and was in favour of the receiver? Would we then be due a refund? Would they repay us the extra that we had paid?
Anybody that thinks they would needs to wake up!

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Be advised that the above is my personal opinion and not necessarily that of any of my team-mates.

 

[LARSEN]

You are right, if they ask you to pay in Euro their account should be in Euro's, not something else.

But 20 euro sounds more like bank that places the transfeer cost the wrong place

 

[Dark Warrior]

The problems is how you pay
if you paid by credit card or wire transfer then you should have paid it in euros then your bank would have done the conversion for you at that time
If you paid buy cheque then you take the risk because exchange rates are not exactly the same in each country. Also take into account that the rate that applies to the cheque is the rate that is in effect when your bank clears the cheque, ("X" days down the line) not when you wrote it.

N.B.
If you have paid in Euro's then the Organiser cannot, legally in any european country, ask you to pay the shortfall if his account is in any other currency.

 

[Red_Merkin]

your bank has made a mistake, if you're making an international wire transfer, they should charge you a fee for the transfer (£20 in this case) instead of taking it off the amount you've sent to the other party.

The problem here is that although you intended to pay the organiser 900 euros, you did not, you are short about £20. This is not a fluctuation in exchange rates, this is service charges applied (without telling you apparently) by the bank.

I get the impression that you feel the tournament organisers trying to rip you off here, which i can assure you is not the case.
In fact the banks stiff the promoters too for a few euros a transaction, but the promoters take care of their end...

A note has been added to all the new Entry forms, to make you all aware that there may be service charges added by your bank for international transactions, and that you should be sure that you pay your end of the transfer.

It sucks having to pay more money than you have to, just be sure if you're accusing someone of 'taking liberties with your money ' that you're targeting the right organisation.
THanks.

 

[Just Curious]

Again, I would like to point out that this has got nothing to do with the money (approx £20.00) its a matter of principle.

Red, I actually work for the Bank so there was no charge on my side . i have contacted the Beneficiary Bank who have advised that there is a small handling fee of £7.50 for receiving funds from outside the UK. Fair enough, that should be covered by the Teams, as stated before the entry fee is €900.00 so the promoter should receive the full amount of €. I was advised that this charge would have been deducted before any conversion would have taken place and would have been taken in € not £.
So where has the £20.00(approx) shortfall come from?

I can hazard a guess. The Sterling Equivilent of our €900.00 was £608.07, the sterling equivilent requested on the application form is £630.00,,,,,diff of £21.93,,,,,that seems pretty close and can only be due to exchange rates.

I in no way think that we are being 'ripped off'. I think the entry fees for what the Millennium provide is very reasonable. We all know the quality of events staged by Campaign and the likes. That is not what I am questioning and is not my point which is that it is expensive enough to attend these events without having to cover any loss incurred by the Promoters due to Exchange Rates. Yes, if there is a fee applied for receiving the funds then this should be covered by the Team, I got no problem with that but I again say the entry fees are in Euro so should be accepted in Euro! What if the Exchange Rate went the other way and was in favour of the receiver? Would we then be due a refund? Would they repay us the extra that we had paid?

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Be advised that the above is my personal opinion and not necessarily that of any of my team-mates.