Hello everyone
Great news! FairPay is live!
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
You can sign up at
https://fairpay.network/sign-up/ (it's free)
We intend to build the best place for you to sell to your customers. We believe you should not have to decide between paying a 20%+ commission on your sales or using gift cards or mainstream solutions like PayPal, which are inefficient and risky.
We believe you should be able to send all your customers to one place, no matter where they are, how they would like to pay, and what type of product you are selling. We believe such a place's commission should be between 5 and 10% - no more - this is FairPay!
With FairPay, when your customer pays (with 3D Secure):
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
$25, you make $22.52 (90.08% of your customer's spending)
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
$50, you make $45.69 (91.38% of your customer's spending)
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
$100, you make $92.03 (92.03% of your customer's spending)
These earnings are chargeback protected!
If your customer's card is not eligible for 3D Secure (rare), our payment processing fee goes from 5% to 8%, and there is no chargeback protection.
Here is a quick recap of our features:
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Free responsive Store Page + link aggregator.
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Take payments up to
300 Euros or US Dollars.
Sell videos (including custom videos)
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Receive
donations
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Chargeback protection
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Recurring payments (daily, weekly, and monthly, for donations only at launch)
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Customers can pay without creating an account (except for subscriptions)
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Run special offers to select customers (you can share FairPay products privately)
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Payout methods: SEPA (in many currencies), ACH, CosmoPayment, YourSafe, and SWIFT transfers
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Weekly payouts (16 days in arrears)
If you want additional info, we have a detailed Help Center at
www.help.gofairpay.com
Of course, feel free to reach out to us via email or our live chat bubble. We will be happy to help!
Coming soon:
Here are the features we are currently working on that will be live in the coming weeks:
Multi-store management so that you can operate multiple stores from 1 FairPay account
Live stream manager so that you can sell live shows
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Selling pictures (prerecorded & customs)
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
Crypto payments for customers
![π](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/1f449.svg)
We will have an affiliate program very soon to refer other sellers
Trust issues:
Working with a new site takes trust, and you are right to be wary if you are.
When this new site offers a great deal, it takes even more trust: is the deal offered by FairPay too good to be true? Can you trust that FairPay will stay in business?
At FairPay, we believe trust boils down to 2 things:
1) Do you trust the people?
2) Do you trust the system?
And so we would like to share some information on both.
Who is behind FairPay?
The CEO of FairPay (me) is Gerald BILLOIR. Previously, I created IndieBill/getindiebill.com (the buyer shut it down a few years ago), and my company bought and operated cammodeldirectory.com (it was sold again since then).
Both websites always honored their commitments. Everybody got paid all of their earnings, and there were no major issues (you could check reviews on WeCamGirls or past forum threads if you would like the opinions of fellow content creators).
When creating IndieBill about 8 years ago, we raised the bar on commissions: we were taking only ~15% and offering chargeback protection, while the other sites used to take even more than they do now.
I always believed IndieBill should aim to take only a 5 to 8% commission on sales, but my partners and investors disagreed (which played a big part in my decision to sell). With FairPay, I intend to make this vision come true.
Is FairPay's business model sustainable?
As you can see from the calculations I posted at the beginning of this post, FairPay takes a commission of 8 to 10% per sale.
It is much less than other adult sites, which generally take a 20%+ commission on your sales. We can achieve this through a combination of factors:
1) We, the founders, have all the skills required to develop and operate FairPay
2) We are not greedy; we look toward the long-term
3) We love tech, and we strive to work with modern, cost-efficient solutions
4) We have investors
After paying for payment processing costs, FairPay makes about a 2% gross margin per sale. It may not look like much compared to other adult businesses, but it is quite a lot compared to many mainstream businesses!
Last but not least, we believe the way forward to offer the best commissions is to charge you for what you use - no more, no less. That is why we have some minor side fees to cover our extra costs depending on your usage (for example, we charge you 0.80β¬ when issuing a SEPA payout).
We actually intend to lower our fees further as we grow and scale!
We hope you will love working with us; we have been preparing FairPay for a little over 8 months now and are super excited to unveil it!
Don't hesitate if you have any questions. We look forward to working with you
![β€οΈ](//cdn.jsdelivr.net/gh/twitter/twemoji@latest/assets/svg/2764.svg)