What are the ways to pay and collect? (Account Types)
There are 4 ways for your agent to collect or payout. You can assign a different account type for each player.
Choose whether to keep a weekly balance, running balance, or deposit balance for a player. A running balance carries over from one week to the next, whereas a weekly balance resets weekly. A deposit balance allows a player to deposit cryptocurrency to play. The player can also withdraw with a deposit balance.
CryptoDeposit Account Types
Credit Deposit and Withdraw
Let players use Crypto Deposits to fund plays instantly online, without meeting in person to settle. Agents can even offer customized deposit bonuses to sweeten the deal.
This is the typical way an online sportsbook like Draftkings or Fanduel runs. You must deposit $ before you get any credit to play. BKM will allow players to deposit and get paid out using crypto. Sportsbooks may often offer deposit bonuses of 20% to entice players to deposit. For example, you deposit $100 and get a bonus of $20 extra to play with it. (BKM has an option for bookies to offer bonuses for deposits.)
Balance Deposit and Withdraw
Issue credits to players and uses Crypto Deposits to settle up. Agents can set the maturity duration for deposits and wins.
The Balance Deposit allows the Agent and Player to settle without meeting each other. The Agent will set a maturity date for the player and agent to settle. The player and agent can now transact using crypto.
You still have full access to more traditional running and weekly balances if that’s more your style. Bookiemarket now gives you more options to step up your game.
Traditional Account Types
Every party Must settle at the end of 7 days, whether you’re winning or losing. The weekly balance resets itself, giving the bookie a report of how much +/- balance. Bookie and the player settle outside of BKM.