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.

Very interesting news. Congrats Chio.

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.

ooo snap, great news!

This will be a force to be reckoned with :thumbsup

congrats chio

Chio for president!

yargh!

that sounds good

Congratulations man. :thumbsup

i don't ever fund my account with epassporte, the last thing I wanna do is go out of my way to give them money, with you it will be different though

in fact, until last month I wasn't allowed to fund my account because I didn't purchase one of their visa cards....LOL

I usually let money come in from a couple of sponsors I let pay me by epass, then use that money for p2p, which is $.25

Looks good. Sure hope it works out. Suggestion for ya though, I'd feel a bit more comfortable if you used SSL on the signup page--I'm sure you'll do this before it's out of beta though.

nice, about time chio, always spouting off about it in irc!

The signup forms are secured. I inadvertanly posted the non secure link in my post but if you go to the site and click the send money link you'll be directed to the secure page.

Sorry about that.

Nice :)

chio will be there like a atm type card

QUOTE:
and soon via debit or virtual credit card.
/QUOTE

I'm expecting for this one to happen. Which bank will handle the VISA or MC cards?

forget last question i am tired i didnt read earlier post , can i get a cobranded visa card?

Is anyone running a book yet on how long before ePass fails completely?

this is great news

thats awesome :thumbsup

You can say that again. :thumbsup

I will be perhaps the only one to say this but I'd rather trust with my money someone who used to co-own or be CEO (?) for years of one of the two biggest processors in adult, than someone who got originally famous playing a pirate on a message board.


Nothing againt Chio but you just can't say that it will not fail.

If you got money in Citibank, you know you're safe.

But no online virtual payment should be really trusted with high amounts. :2 cents:

good luck chio with that new option....

iBill? :1orglaugh

You do raise some valid concerns and this is precisely why there are banking laws, money transmission requirements, and accountability... to keep people safe.

I am offering a solution to people that are looking for one but it's simple...
If you don't feel comfortable using a new system... don't.

Then I suspect you've never met him or even talked with him. I can honestly say hes one of the most trustworthy, honest people that I know, and I normally don't trust ANYONE.

In fact, I can count on one hand the people I actually trust, including family, and he is one of them. :2 cents:

after this past year for me I can say Chio is one of maybe 10 total people in adult that would trust, and that is out of knowing 1000+ people in the adult industry

and if you still trust the "co-owner or be CEO (?) for years of one of the two biggest processors in adult" after this past year then I hate to say it, but you need help....epass has shown to be one of the most incompetent companies in adult

btw, why isn't Chris Mallick ceo/co-owner of paycom anymore?

wow, finally some real good news on gfy :thumbsup
great job Chio :thumbsup
as soon as the cards are ready and sponsors will paying through VC - i'll be in :thumbsup

I see no information about what a credit card load to the account cost, or any other fees involved.
I dont see how you can launch a service without a price list.

We've been one of the lucky ones who got to beta test this out. From the moment you sign up you can easily see that this service will dominate the market very quickly.

I don't think people understand how good of an offer this is, 5% processing is unheard of at any processor, even if you're one of the big boys!

Congrats on the soft launch, and we can't wait until all of the features are unrolled.

cool, gonna check it out right now...
are the aff programs also interested to use the service?

Congrats on the launch, the industry has needed a viable alternative for a long while.

Hey, do you mean when I join (for creditcard processing) I only pay 5%? While ccbill/epoch etc charge like 12%?

Do you have an affiliateadmin as well? Or do we need a 3rd party system like MAS/NATS etc?

YES, the rates are competetive, I will check it out!

Also, are you hosting everything at theplanet? Do you have physical access to your servers?

epassporte fees say
So that means to do an ACH it's $2 load my account, and then p2p transfers are $0.25. If I'm sending 10 transfers a month and have to load my account once per month the fees are $4.50. With you it sounds like they'd be $15.00.

You might consider in the future to distinguish between affiliate payouts and p2p.

This is great, I want to work for you Chio :)

the name of the service is Verified Charge?

no offense, but it sounds dumb

who will issue the electron cards? is it going to be like US bank where they can get info about every user (which of course I don't want) or some offshore bank ?

I dont' believe the p2p service is up and running yet, and I am pretty sure it will be a seperate site from this

i might be mistaken though

count me in, I want to add it to my DVD store

Signing up as we speak

can i wire money from my account to a european bank account?

without having to complete fax forms but just by doing it online like i can with paypal?

i was unable to see https used on your site. is this just me?

well, at least i don't think you linked https... so, everything's fine so far! :thumbsup

did you read the thread?

Well, what can I say besides just THANKS CHIO!!!!!! :thumbsup

I was one of those screaming for an alternative and now it looks like this will become reality very soon. Your rates sound pretty cool to me so far - can't wait to see the final solution.

So, let's all just hope a lot of sponsors will start to use it when it becomes available. That would finally be a complete solution by adult for adult :winkwink:

Interesting, thx!

Looks awesome! Chio, can you please hit me up?

Let me be the first to say
YARGH!!!

Signed up and got: Error UAC01

So basically this is JUST LIKE epass, but with the ability to sell things like paypal.?????