Transaction charges are enforced when the volume of transactions crosses certain limits. These are designed to prevent automated trading bots from taking all available positions to the detriment of regular punters.
At the end of every day, BetFair will add up all the bets you placed or edited (whether matched, cancelled or lapsed). If this number exceeds 1,000 in any hour of the day then:
i) for customers placing bets through the Application Programmers Interface, BetFair will multiply this number by 1p; and
ii) for website customers, BetFair will multiply this number by 2p.
For the purpose of Transaction Charges, bets on financial markets count as 0.25 of a bet.
Note that BetFair will deduct from this fee any commission you have paid during the day. Any remaining amount will be charged to your account on a daily basis. Should your commission payments exceed the transaction fee, you will not be charged anything other than your commission payments. Note that no Betfair points will accrue for transaction fees.
At the end of every day, BetFair will add up all the bets you placed or edited (whether matched, cancelled or lapsed). If this number exceeds 1,000 in any hour of the day then:
i) for customers placing bets through the Application Programmers Interface, BetFair will multiply this number by 1p; and
ii) for website customers, BetFair will multiply this number by 2p.
For the purpose of Transaction Charges, bets on financial markets count as 0.25 of a bet.
Note that BetFair will deduct from this fee any commission you have paid during the day. Any remaining amount will be charged to your account on a daily basis. Should your commission payments exceed the transaction fee, you will not be charged anything other than your commission payments. Note that no Betfair points will accrue for transaction fees.