Verotel announced a true revolution in the credit card processing industry, with new transparent fees, just 5% per transaction, while industry standard stands well over 11%.
CardBilling, their billing service provides a simple solution to accept credit cards for your website with an all-inclusive Transaction Rate of just 5%. To start accepting credit cards you need to be registered with VISA and MasterCard. They will help you with this easy process. CardBilling charges a one-time setup fee of US$ 500.00 and an annual registration fee of US$ 500.00.
With CardBilling you set up your services or subscriptions in your default currency. CardBilling collects the money from your customers and sends you a weekly payment. CardBilling is powered by Verotel. Verotel is a regulated Payment Institute with the Dutch Central Bank in the Netherlands, doing business since 1998, and never missed a payment.
No hidden Fees
There are no hidden fees in CardBilling’s pricing model. There are no transaction fees, statement fees or decline fees. For example, for a US$ 20.00 we only charge 5% (US$ 1.00) as an all-inclusive Transaction Rate.
You can process any transaction from US 1.95 to US$ 500.00. A 5% holdback reserve applies to all accounts for a period of 26 weeks.
A chargeback fee is a fee initiated by the bank of a cardholder disputing a transaction. CardBilling charges a US$ 45.00 fee for each chargeback added to your account. Thanks to their latest anti-fraud technology CardBilling tries to limit the number of chargebacks as much as possible.
Because recurring transactions invoke more risk to their banking partners recurring transactions are charged with a 1.5% surcharge. Please note that this surcharge is not applied to the first transaction of a recurring billing subscription.