Paypal/Epass Alternative FINALLY Sees The Light Of Day

[Jace]

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.

[Toby]

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?"

[Jace]

Originally Posted by Toby

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?"

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

[TheEnforcer]

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.

[Jace]

Originally Posted by TheEnforcer

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.

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

[gonzo]

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...

[Jace]

Originally Posted by gonzo

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...

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