Oprano Adult Industry Forums - View Single Post - Paypal/Epass Alternative FINALLY Sees The Light Of Day

Jace · 10-06-2007

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.

10-06-2007	#3
Jace .... $100 for every ImLive sign-up Join Date: Mar 2004 Posts: 4,392 Blog Entries: 1	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.