Someone PM'd this to me. Perhaps affected players can add to this:
hey druff,
don't know if you are aware, but merge just stole a lot of money from their customers...been really busy so this is the first ive had to email you but I think it happened a month ago where they took the cash for points down from 20,000 points for $700 for their highest tier players to 10,000 points for $150 for their highest tier...I never received an email stating that this change was taking place so I wouldn't have been able to cash my points out at a higher rate...fortunately I only had 12,000 points at the time of this fuckery so it didn't affect me that much...it did affect the fact that the 30% rakeback that I earned via these points was slashed to 15%...fortunately it was for a minimal amount...
this is in addition to the exorbitant rake that merge charges and player pool segregation...and their forum on 2+2 just magically disappeared at the time that this change happened...
I think there is some shady shit going on, figured id give you a heads up just in case it might not be on your radar...
I believe here is what this guy is trying to say:
- Instead of direct rakeback on Merge, you now earn points that you later exchange for cash -- similar to the FPP system on Pokerstars.
- The best "points-for-cash" exchange rate allowed you to exchange 20,000 points for $700. This was available to the highest tier (most active) players. This was effectively 35% rakeback.
- They recently changed this to 10,000 points for $150 -- which means these players will now get far less than half of the rakeback they expected.
- This especially affects players who had ALREADY EARNED the points, believing it to correspond to 35% rakeback. They were essentially stolen from, as there was no grace period or warning about this.
- Merge (Carbon) also abandoned 2+2, as of September 19. This was around this change was made.
This guy suspects that Merge is having financial issues, and I have to agree.
This is very bad, and I would suggest avoiding Merge at this point, and cashing out ASAP.