LOS ANGELES — Elevated X and Verotel have announced a partnership to remove the cost barrier for models and clip store owners seeking to launch their own site.
According to a joint release, Verotel will provide relief for Visa and MasterCard’s high-risk fees for owners of adult membership sites, video on demand sites and clip stores.
Verotel is fully integrated into the Elevated X paysite management software for clip store owners and digital content sellers who want to accept payments for on-demand content as well as memberships, streaming video rentals, pay per view and pay per download transactions with buy-now buttons and/or shopping cart purchase options with support for multiple content sale site formats and business models.
According to Elevated X CEO AJ Hall, one of the biggest complaints he hears from people starting a paysite is the $500-$1000 in setup fees typically required to obtain Visa and MasterCard processing, which adds to the startup costs.
“For a lot of people, this is a dealbreaker,” Hall explains. “We’ve been trying to come up with a way around this for quite some time [and] are very excited that Verotel has stepped in to make this happen!”
“What this means is that a clip store owner or model with a website on a hosted platform that’s taking anywhere between 15 and 40 percent of their sales can start their own site for a flat rate of as low as $225 per month and only pay seven percent of their processed revenue for the first six months and a max of 11.5 percent thereafter,” Verotel’s Jason Collins explains. “This is a saving of thousands per year for a lot of models and clip store owners.”
Collins says that if a site processes a minimum of approximately $100 per week, Verotel will waive the high-risk fees to start and will also waive the fee annually when it comes due — meaning there’s zero payment processing related startup cost involved to set up a site to accept payments by credit card, Bitcoin and Direct Debit EU.
For established site owners that process a minimum of approximately $1000 per week, Verotel will waive the high-risk fee to start and waive the fee annually when it comes due, as well as offer an introductory processing rate of seven percent for the first six months, with rate tiers from seven percent to a maximum of 11.5 percent based on sales volume thereafter.
For more information, email jason@verotel.com.
For a live demo of Elevated X, click here.
