Jeffrey Epstein's victims can now file claims against the billionaire financier's $634million estate through a new independent out-of-court program.

The Epstein Victims' Compensation Program began accepting claims on Thursday after the Probate Court of the U.S. Virgin Islands approved the initiative earlier this month. 

It comes after months of negotiations with executors of Epstein's estate who first proposed the idea in November to avoid legal turmoil through the courts.

The program will be administered by Jordana Feldman, who previously ran the September 11 Victim Compensation Fund, and who will determine claimant eligibility and compensation. 

Feldman said the program will allow victims, who include more than 70 women, to be heard 'outside the glare of public courtroom proceedings' through a confidential, 'speedy and cost-effective' process. 

'Treating victims with dignity and respect and providing them with appropriate compensation is central to our work with the program, even as we recognize that no amount of money will erase the years of pain these victims have endured,' Feldman said in a statement. 

'We are pleased to get this program up and running after months of considered and collaborative design. 

'My staff is deeply sensitive to the unique circumstances involved and is committed to processing the victims' claims in a prompt, fair and effective manner.'