Welcome!

News Feed Item

Verotel Launches Bitcoin With BitPay

AMSTERDAM, Jan. 10, 2014 /PRNewswire/ -- Verotel, the internet payment service provider for high-risk merchants, announced today that it has started to accept Bitcoin payments with BitPay (bitpay.com), the world's leading merchant processor for virtual currencies. Verotel is a registered Payment Institute for high-risk merchants, including adult entertainment webmasters. Bitcoin can now be used to buy adult entertainment online anonymously.

"The anonymous nature of Bitcoin makes a lot of business sense," states Jason Collins, VP Business Development at Verotel. "No credit card needed to access adult content online is a no-brainer. There is no credit card statement and there are no disputed charges by the spouse of the cardholder. An ideal world for any adult entertainment consumer."

The content of the adult merchants that wish to add Bitcoin to their payment methods is screened in the very same way as under the credit card brand protection programs. That means that Verotel will only accept merchants to accept Bitcoin under the same strict content regulations to avoid fraud and illegal content.

The Bitcoin payment method with Verotel is under Beta launch and is currently only available for a small selection of merchants. The roll-out to the entire Verotel merchant portfolio will start on March 15th this year. Bitcoin continues to be accepted by many new merchants worldwide. Adding Bitcoin as a payment option for Verotel merchants will grow BitPay's merchants base significantly.

"We believe that BitPay's order volume will increase significantly with this new partnership," states Tony Gallippi, BitPay Co-founder and CEO. "We are proud to share our powerful, reliable, and scalable tools to accept Bitcoin with the high risk industry."

The credit card industry is built on interchange fees and discount rates of affiliated banks. With the absence of banks in Bitcoin transactions, Verotel is able to offer a simple 1% all-inclusive pricing on all Bitcoin transactions. Integration of Bitcoin in the Verotel platform is already done. Merchants can simply enable the Bitcoin payment option in the Verotel Control Center.

Payments are scheduled weekly and are payable in US Dollar, Euro and British Pounds. Verotel doesn't offer Bitcoin as a payout currency yet, as the currency exchange rate is still very volatile. Therefore all Bitcoin transactions are converted into the merchants currency at the time of the transaction.  As a third party processor, all money coming in and out is regulated by the Dutch Central Bank, where Verotel is a licensed Payment Institute. Verotel's payment institute licenses enforces Verotel's reputation  of "We never missed a payment."

About Verotel: Verotel is a leading Internet Payment Service Provider (IPSP) since 1998 and is specialized in online credit card payment processing for high risk businesses. Servicing over 50.000 online businesses with online payment solutions Verotel understands the risks of online billing.

Verotel is the first high risk payment processor awarded with the official Payment Institute status. Processing all major credit cards, online check, payments by phone and now Bitcoin, Verotel is the most trusted online payment processor in the business.

About BitPay: BitPay is a Payment Service Provider (PSP) specializing in eCommerce and B2B solutions for virtual currencies. Visit https://bitpay.com.

Attachments:
Logo pack available at media contact below

Media contacts:
Veronika
[email protected]
+31 20 3305832

SOURCE Verotel

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...