Verotel

Verotel is an international company with headquarters in Amsterdam and free worldwide sales support. The European Union awarded Verotel with official Payment Institute status, marking them as the first high-risk payment processor to receive a PSD license.

In addition to credit cards, Verotel merchants accepts online US checks, direct debit for European customers and predetermined flat fees that are charged to the customer’s phone bills (for US and European customers).

Merchants don’t need to get a merchant credit card account since Verotel handles the transactions. However, the cost is a significant chunk of your sale. Since digital content doesn’t take money out of your pocket for merchandise shipped, however, it doesn’t hurt as badly. The price for 900-number telephone billing ranges from 30% to 20% for $8.75 to $35 totals. Merchants are paid on twice a month on the 1st and 16th of the month.

In the US, merchants can receive a direct transfer to a bank account using ACH (free), or payment by a check ($2.50 charge). Merchants outside the US may receive payments by check (free), international wire ($12.50), or deposit into a US bank account (free). Subscriptions to the merchant’s online content are made via an online form on Verotel’s website which can be customized with the merchant’s logo. Merchants can select from various kinds of options for their subscribers. The Verotel Remote User Manager is part of the Subscription Management tools, which are included in your Verotel account. The Remote User Manager can be downloaded as a Perl or ASP (Microsoft Windows NT) script from the Verotel Control Center.