League payments & refund policy
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All financial transactions are done through PayPal. Here is how our payments are done and how we enforce our Refund Policy:
- All payments to and from Kinetic Leagues are sent via 'Friends and Family' and in USD - Any payments sent to Kinetic Leagues via 'Goods and Services' will be refunded at the amount that was received after fees - If there is no option for you to send via either, then you'll typically be fine if PayPal is asking you to pay a fee - When entering the amount to send, make sure that the currency is set to USD. This may appear twice next to each other, but both should still be set to USD - Payments are only accepted this way as 'Goods and Services' payments allow players to request refunds (which are typically awarded) even after Leagues have started and finished, which then removes money from the Prize Pool. - Players and Teams will only be refunded by choice from Kinetic Leagues if an event has been cancelled. However this refund will also be at the amount that was received. |
Here is a typical breakdown of Kinetic Leagues entry transactions:
- The advertised entry fee may be $30
- On the Sign Up page you will be asked to enter the amount of $28
- You will be asked to send your money via 'Friends and Family', which will mean that you cover any PayPal fees
- This will bring your payment total between $29.50 and $31, around the advertised entry fee
- If you send $28 via 'Goods and Services', Kinetic Leagues will receive $26.33 and you will be refunded at $26.33
- When you pay $28+fee via 'Friends and Family', Kinetic Leagues will receive $28 exactly, then Kinetic Leagues will typically:
- Put $25 towards the Prize Pool
- Put $3 aside as a League Operations payment