Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

just FYI, this is NOT my thing, but a good friend of mine (you know him as Chio on the boards) just finally launched this, it looks extremely promising

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

oh yeah, more on this

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

some more questions and answers...these have all been answered directly by Chio on another board

so it's a third party processor and a Paypal/Epass type payment system in one?
what are the rates for paysites using your third party processing?
If you are a merchant processing through us the rates will likely be .50-.75 cents for each p2p payment but we haven't worked that out yet and depends largely on our own processing rates. We are still technically in beta still and are hoping to use this opportunity to fine tune the systems and features based on user feedback.

do we have to sign up for seperate accounts, if we're a merchant account and want to use the pay features? or just email or click a button somewhere inside?
It's a one click upgrade if you already have a merchant or affiliate account just login and you'll see it.

How long before the Visa cards are available?
We hope very soon, we are waiting on some api's to hook it all up.

Can it be used to sell merchandise?
Yes.
We have a complete xml backend system in place for just about anything you would ever need to do.
Remember we offer 3rd party billing affiliate tracking in addition to the paypal/epass stuff.

Where is the bank/company based?
The US and UK currently and hope to open banking relationships within the netherlands as well.

Will the epass/paypal type solution be on verifiedcharge.com?
that service will have it's own site in addition to being integrated into Verified Charge.
It will be located/named payagent. It will not require signing up again if you are already a user.

so it's a third party processor and a Paypal/Epass type payment system in one? what are the rates for paysites using your third party processing?
If you are a merchant processing through us the rates will likely be .50-.75 cents for each p2p payment but we haven't worked that out yet and depends largely on our own processing rates. We are still technically in beta still and are hoping to use this opportunity to fine tune the systems and features based on user feedback.

5%? the other third party processors are between 12 and 15%. how can you offer such a better rate? for high risk internet even if i got a merchant account it would be about 8% I thought.
I have been an IPSP since 1998 (my avs) and have built up very solid relationships so I am able to get pretty good rates.
Also it is only 5% for beta (which stays with you after launch) we will likely launch at 10% with a sliding scale based on the risk of an individual merchant.
For example a merchant with very few chargebacks processing rate would begin to decline over time and the flip side is a merchant with a high number would increase.
We don't think it's fair to charge someone doing clean business the same rate as a merchant that isn't.

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

So Jace, you've known this guy a while?

We're talking about handling my money, so my first thought when a new service opens is, "who the fuck are these guys?"

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

yes, I have known him for quite some time

he is the creator and owner of Relink Software, which is the company that owns AutoBloggerPro and Bliggo.com

not only can I vouche for him, but I can give a list of 30+ large scale affiliate program owners that would also lay their rep down for him...

but with anything, I would start out small and see how it goes and make your own judgement from there

personally, i think the billing aspect is great and all, but the alternative to epass and paypal for a p2p service is going to blow anyone else out of the water

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

I wish them good luck. I don't have an epassporte acoutn myself but a TON of people do and even if there may be some complaining it will be hard to overtake them.

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

well, there are SO many people very unhappy with epassporte, i don't think it will be near as hard a job to compete as you might think

not to mention that ALL services will be bundled into one roof, from billing paysites to paying affiliates to p2p transfers

you can have affiliates, pay them straight to their account in the SAME system and then those affiliates can send each other money in the SAME system

i can't believe someone hasn't done this before

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

Maybe if hed get out of the kiddle pool and come play with the adults he would build more trust with this group of webmasters.

Im skeptical of ANY newcomer handling my money. Pure Vainlla and my virtualcard are 2 recent examples...

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

not sure what you mean by that, but if you mean come to oprano I will point him in this direction, but he posts regularly on most boards...well, as regularly as any busy person does...hell, he only posts once or twice a week on gfy, but also remember that gfy is the only place he marketed ABP and it sold more licenses in a year than most programs do signups....all from gfy posts

fact of the matter is, if you have something that needs to get out there quick and you need input on, gfy is the place...it is a love/hate thing for sure

but like I said, 2.5 years creating something and making sure it was done right usually isn't enough for people, let it ride and see how it does, but I for one am at least signing up so I get that 5% beta processing rate

out of all the dishonest biz going on as of late, I for one think it is refreshing to see someone that has the knowledge and money do something positive

but once again, use your own judgement

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

Hmmmmmmm.....more of you "business" advice Jace? Kid you go and sign up. But then, I don't think you have a lot to lose. Some of us do.

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

I heard these same arguements for Myvirtualcard.

Those thieves were low key for several years... and you see how that ended up.

Then you have Pure Vanilla that had all this mainstream cred . . . Mike South said that they screwed him out of his last payment.

Not quite as bad but you get the picture.

Lets hope it does well as Epassporte sure as hell is the turd that remains unpolished.

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

Who's holding this money on account? A bank? If so, are the accounts considered individual and are they insured? If so, up to how much?
Currently our accounts are with BOA and we are in the process of setting up the ability to do sub accounts (insured FDIC 100,000.00 per account)

Merchants will be required to send address verification, photo id, telephone numbers will be verified electronically bank and card verification. For ACH we require the above in addition to a signed Credit/debit authorization form.

By PCS do you mean PCI? If so, yes we have met all the requirements for PCI, and thus CISP and we are currently in the process of validating our status with a Visa approved QSA. We already have ACH authorization and our main focus right now is p2p payments (without card funding) until we can get the website completed the server migrated and the CISP designation.

Thanks for the questions, I would love to talk with you personally as you have always seemed very helpful and knowledgeable in respect to matters such as this. You can reach me via ICQ (in location)

I've got a lot of follow up posting to do before I head off for the evening. I'll check back in the AM.

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

While I signed up, they did ask for my social security number. This is for my business, not me personally, so I put in my tax ID.

There should be an option to specify business or personal accounts.

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

As uptight as BOA is about international business / business accounts / and the adult industry as a whole adds to me being skeptical.

Ill have some research done internally with Bank of America on this now.

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

Best case scenario would be if PayPal would process for adult again. I know it's not going to happen, but I like PayPal and still use them a lot for mainstream stuff.

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

My thought exactly

BofA is goingt to be ok processing transactions or per to per tranfers for adult
?

Re: Paypal/Epass Alternative FINALLY Sees The Light Of Day
 

Oh no.
Bank of America?
Don't think so.