FairPay is a forthcoming payment processing platform from the creators of IndieBill, with a planned launch shortly. It is designed for creators who have developed their own audience and want to maximize their earnings by offering a lower commission on sales.
- Earnings: Up to 92.5% on sales with chargeback protection.
- Products and Services: Sell videos, photos, live shows, sexting, phone sex, and receive donations.
- Payment Processing: Supports multiple currencies (USD, Euros) and processes recurring payments.
- Payouts: Weekly payouts via ACH, SEPA, SWIFT, and CosmoPayment, with a rolling reserve of 5% to be paid out after 180 days.
- Platform Compatibility: Compatible with platforms like Skype, Discord, and Telegram for live shows and sexting.
- Fees: Approximately 8-10% per sale, with a service fee of $0.70 + 2.5% of the transaction amount.
- Marketing and Client Acquisition: Mainly a tool for those who bring their own clients, with a traffic source fee for new customers acquired through the platform.
- Upcoming Features: Live stream manager, multi-store management, crypto payments, and more.
FairPay aims to provide creators with a reliable and cost-effective solution, avoiding high commissions typical of other platforms. The platform seeks to strike a balance between providing competitive earnings and ensuring sustainable operation through its fee structure and banking arrangements.