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Tebex, a division of Overwolf, has launched Checkout to enable game studios to monetize their user-generated content and other games.
The platform offers a transparent process with no hidden fees, fraud and chargeback insurance, and three-day payouts for creators. In the past, Tebex focused on monetizing private game servers and now with Checkout it is serving game studios, including those that want to integrate user-generated content (UGC).
In particular, it can help those studios with revenue sharing agreements.
The company has processed over $780 million across its monetization platform since its inception a decade ago and aims to solve industry pain points by removing hidden fees and expediting the payout process.
“Tebex has had the incredible opportunity to support creators in generating more revenue so they can focus on building what they love. Checkout removes the headaches related to hidden fees, waiting for payments, and the lack of fraud and chargeback insurance,” said Lee McNeil, director of Tebex at Overwolf, in a statement. “We heard these needs also echoed by game studios and built Checkout to facilitate faster payouts and more transparent processes, so studios can reward their creators and usher in a new era of UGC.”
With Tebex Checkout, Tebex is extending its technology to serve game studios and solving major industry pain points by removing hidden fees like exchange rate hikes and expediting the payout process with three-day payouts.
For creator payouts, there are often hidden fees like exchange rate hikes and long payment processing times. The industry standard is currently 30 days, while
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