VEROTEL is DONE...
 

Verotel has an important update about an important subject:
Verotel Pro and Verotel Ticketsclub.


VEROTEL PRO WEBMASTERS, CHANGED IPSP REGULATIONS PER APRIL 1ST



Starting April 1st 2004 VISA and MasterCard require that there is
more transparency regarding larger merchants for which Verotel
processes. End-users need to know which company they are dealing
with when they are using their credit card on the Internet.
This is good for your business and ours, as it will reduce the number
of chargebacks and complaints.

The solution is that larger merchants will need to show their
company name on the descriptor portion of credit card
statements. Currently the name 'VEROTEL' shows up on an enduser's
credit card statement. Webmasters that process, on average,
more than USD 1,000 a week, have been selected in February to
become a VEROTEL PRO customer, and it is required that the webmaster's
company name is shown on the descriptor.

The affected webmasters have been notified by registered/courier
mail and by e-mail.

Please note that starting May 1st 2004, everybody can become a
Verotel Pro customer, regardless of the amount of weekly processing
volume. At that time there is a one time registration fee of
USD 1,500.00 and an annual fee of USD 250.00.

The current preselected group of Verotel Pro customers do not have
to pay any one-time registration fee -and- their annual fee is waived
until January 1st 2006.


VEROTEL CUSTOMERS THAT ARE NOT SELECTED TO BECOME A VEROTEL PRO
CUSTOMER WILL BE A VEROTEL TICKETSCLUB CUSTOMER STARTING APRIL 15TH.



Starting April 15th 2004 Verotel wants to gain more control
over its portfolio with merchants, processing for smaller websites.

That's why Verotel introduces the Ticketsclub (www.ticketsclub.com)
for all Verotel merchants, that have not been selected to become
a Verotel Pro customer. With Ticketsclub, Verotel can actively
monitor endusers that bought a subscription for your website,
reducing the number of fraudulent transactions.

All future Verotel Ticketsclub accounts stay free of charge. However,
some restrictions will be introduced:

- all members being subscribed to a Verotel Ticketsclub merchant
website should login every time at www.ticketsclub.com. That
means that that MEMBERS button link should be replaced on all
Verotel Ticketsclub merchant websites.

- all members being subscribed to a Verotel Ticketsclub merchant
website are being monitored, each time they login to www.ticketsclub.com.
The login information will be shared with all Verotel Ticketsclub
merchants in the Verotel Control Center.

- all websites, owned by a Verotel Ticketsclub merchant, should
be described more detailed in a so called 'Website profile'
by the Verotel Ticketsclub merchant.

- for all credit card, US Check, and Direct Debit Europe transactions
a non-negotiable fixed fee of 14.5% will be charged for all transactions.
There is a 1.5% surcharge for recurring transactions. Please note that
all previous discounts and surcharges will be cancelled for
Verotel Ticketsclub customers starting April 15th.

Please read the full story at:
http://www.verotel.com/new_ipsp.html

You can see on the first page of the Verotel Control Center
if you are a selected Verotel Pro or a future Verotel Ticketsclub merchant.

If you have any questions about our company policy regarding
Verotel Pro and Verotel Ticketsclub, don't hestitate to email
us at [email protected].

We thank you for your business and we hope that we both can
increase our sales and security using these new rules and
regulations.

Kind regards,



Verotel Management
Amsterdam - Netherlands

they suck anyways. :321GFY

Ticketsclub? What the fuck?

good

They sent a warning 3 weeks ago about this. I don't think they are done yet.

This is hardly representative of your "verotel is done" proclamation. Gimme a break.

Your right, it's actually the opposite.
The fact that they are complying with the Visa request is what will prevent them from going under. Globill refused to comply and that's what killed them. Globill had plenty of money, they didn't fold because of lack of biz, Visa shut them down with law suits.

Verotel is registering all their $1k+ / week clients as per IPSP regs just like the other guys do. No big deal, and in fact they are paying for it out of their own pockets.

All the smaller sites will have a single entry point to cut down on fraud and overhead. Anyways who cares about sites doing less than $1k / week.

how misleading is your title?

idiot

:321GFY

Yeah all the people who were invited into it wont have to pay the reg fees until 2006, and the way i read it, all you small people wont have to pay the registration unless you CHOOSE to be verotel pro. So in all reality, theres no change for anyone.

Though this whole registering my thing in holland is annoying.

- Seth

Verotel is not done. This is a good step they are taking.

Verotel sux

Ticketsclub? what for?

I like the front at ticketsclub.com :-)

Duh?? Ya gotta keep that tongue stuffed in your cheek with Verotel....

I guess it was just a matter of time.

Hopefully, the same "transparency rules" will bypass epassporte

$5 submissions:

One of the nice things about the epassporte model is that it does not "oblige" anyone to do damned all at the insistance of card companies. (Least at this stage!!) Debit cards are not subject to the same regs as "credit cards" and if, say, VISA tried to impose "rules" on debit cards, such as Electon - they can be dumped. The principle of debit cards is.. if the client has funds, the card company pays em or fuck off. It does not involve the funds of the card companies.

BTW.. That is one of the strongest models yet for using cards for access to adult and other sites and not having card companies in control. That day may come yet :-)

Tho.. I can't see much wrong with epassporte doing internal "due diligence" on what may be described as "transparency".

I wish epassporte (or someone) would complete the stuff that was originally proposed to them - it would change this "processor trauma" damned quick :-)

No one seems to have noticed that this ticketsclub thing is basically a glorified AVS. Don't forget that Verotel are also permitting themselves to 'remarket' to your cancelled customers.

I'm not quite sure what this line means...

"If a Verotel Ticketsclub customer elects to use the Verotel Reseller program, then Verotel itself, as a company, should be able to resell your content as well."

The whole lot is here:

http://www.verotel.com/new_ipsp.html

Does anyone have any more solid information on the Visa EU regulations?

no big deal

bump

Do what they want to do and :321GFY them all.

Bump...

I asked the same question in another thread.
What about other 'EU' processors?

Actually it is more of a multiplex model and not an AVS. You purchase a ticket to a particular movie and get to enter that theater. You don't get to enter the other theaters.

If you elect to use the reseller program Verotel automatically becomes one of your resellers and makes money the same way any of your affiliates do.

This all looks very good.

Hugs,
Danielle

But customers not purchase access to the particular movie,
but to the whole site, what in this case ?

They purchase access to one site only. Not all sites processed by Verotel.

Business as usual. This is actually a fantastic business model Verotel has come up with.

Hugs,
Danielle

gxer,

In my example a particular movie equals a site. It's just an example. :)

Hugs,
Danielle

I dont see it that way at all.

Am already making moves. Im just glad that Verotel gave us notice unlike Globosale and PSWBilling...

For anyone looking for EU sponsors try:

http://www.cardsgate.com or
http://www.yambobill.com

Ive been using both as secondaries for a couple of months and no problems with either.

Just need to decide which of them now becomes my primary :)

Nothing wrong with taking precautions to protect your business. In fact any site that plans on being around for the long run better use multiple processors. None of them should be primary. Round robin them and spread out your income sources.

Hugs,
Danielle

oh shit, I hope the sponser im using that has verotel pay up.......

Two Things:


1. 14.5%



2. # All Verotel Ticketsclub merchants should allow Verotel to use the user database of their endusers if the user's last purchase was more then two months ago. Verotel never sells any user- or email lists, but this information is used to remarket endusers with similar websites that fit in the user/website profile




People saying this is a good thing, wake up and smell the money made on your back.

I have use Verotel as a back up but my weekly sales fall short of the 1K limit. Yet for over a year I have always recieved my direct deposits on time or earlier (fridays). It may be 6, 7 or $900
but they pay.
The fact that they stopped processing the underage model sites and them taking Visa seriously is a strong clue to the fact that they are getting their shit together.
:2 cents:

Anyone got their money from the 110% option? Any news?

If you are in the UK or can arrange to have a UK bank account I recommend www.globalcharge.com. They accept Switch, Solo and Electron debit cards as well as Visa/MC..

They pay directly in to your UK bank acct aproximately 35 days after the end of a month and not weekly but they are very reliable and their support is ok :) I use them as my secondary processor after CCBill :)

Wake up and smell the money you'll make on other people's backs