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
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.