Payment Processing System: Verotel

Verotel
http://www.verotel.com

Updated on October 22, 2009
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General Information:

As a Payment Service Provider (PSP) Verotel offers various 'all-in-one' online payment solutions. This means that after applying with Verotel, Verotel takes care of interacting with the right bank, setting up the payment options and the technical setup of your website.

Credit cards are still the most accepted form of payments on the Internet. More than 72% of all online transactions are completed with a VISA, MasterCard and JCB branded card.

Verotel has solutions tailored to your specific needs:

 

 

 

  • Free box office for your online subscriptions
  • Credit card and alternative billing options
  • Integrated Fraud-Screening tools
  • 24/7 support
  • FREE Subscription Management
  • FREE Advertising / Affiliate Program
  • Verotel will handle all customer billing inquiries
  • Accept VISA, Mastercard and JCB
  • Accept all other alternative billing/payment methods
  • Recurring Billing
  • Real-time online transaction monitoring & statistics
  • Real-time chargeback monitoring tools
  • Verotel incorporates real-time anti-fraud mechanisms to minimize the risk of chargebacks. Not only is chargeback prevention a priority to minimize merchant losses, but high chargeback ratios can also trigger penalities for the merchant. Verotel carefully monitors every merchant to ensure full compliance with VISA and MasterCard chargeback regulations.

    Verotel offers credit card processing to websites selling content and products. Content websites normally use a 'members' area; a directory on your website that is password protected. Access to the members' area is with a usercode (username) and a passcode (password). A small script on your webserver lets Verotel add, modify and delete usernames and passwords to this members' area.  With the Verotel Remote User Manager, Verotel will assign your client a usercode and passcode and add, modify or delete these codes in your local user database in real-time! The Verotel Remote User Manager is part of the Subscription Management tools, which are included with your Verotel account.

     

    Users

    all

    Fees

    Verotel offers three different account types:

    VEROTEL TICKETSCLUB
    SETUP FEE NONE
    MONTHLY MAINTENANCE FEE NONE
     
    VEROTEL CLASSIC
    SETUP FEE USD 349/ EURO 295
    WEEKLY CREDIT CARD FEE USD 7.50 / EURO 6.00
     
    VEROTEL PRO
    MASTERCARD ANNUAL FEE USD 1,000
    WEEKLY REGISTRATION FEE USD 7.50 / EURO 6.00

    Integration approaches

     All Verotel webmasters and merchants have access to the Verotel Control Center. Once you signup with Verotel, the Verotel Control Center will be at the heart of your business. It will tell you immediately how many sales you made and how much money was made.

    If you have a website and want to sell content on the Internet, Ticketsclub is the perfect solution. There are no setup fees and no monthly fees!  With Ticketsclub you allow Verotel to 'resell' tickets to your website. A ticket is nothing more then a usercode and passcode, randomly generated by Verotel's computer systems.

    Information for developers

    Verotel's Affiliate Program is a turn-key and fully integrated affiliate marketing program that allows you to recruit and manage affiliates on the Internet. In other words, your designated affiliates will send you traffic and generate additional transactions on your website as a result. Verotel will track the sales that are generated via these affiliates and pay out your chosen affiliate commissions directly to the affiliates. The signup process for affiliates is automated; all you have to do is create banners which are loaded on your affiliates’ sites directly from your website. The Verotel Affiliate Program is free and will dramatically boost your traffic and sales! You will be provided with the Affiliate Marketing option once you are a registered and authorized Verotel Customer.

    For example, let's say you own a website on which you sell Stock Exchange information. Affiliates are invited to join your 'program', which you describe on your site. You explain how it works and you set the commission (%) the advertiser will receive. You then create a link to the Affiliate Program signup page, which is hosted on Verotel's server. Verotel will automatically create a new affiliate account and email your new affiliate specific information with changes to HTML code. You create a number of Stock Exchange banners, which advertise your site and your content. These banners are then stored on a freely accessible area of your website.

     

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