Higher-Than-Average Rates
Verotel specializes in serving high-risk e-commerce businesses, particularly those requiring subscription payment capabilities for a global clientele. Consequently, its pricing is structured differently from traditional payment processors. Verotel’s Basic plan includes an annual fee of €500 and a 15.5% transaction fee for subscription payments, alongside a six-month rolling reserve of 10%.
Premium Pricing Option
The Premium plan, catering to recurring and unique transaction amounts via Verotel FlexPay, substitutes the annual fee for a weekly processing requirement of €1000. Failing to meet this threshold incurs a monthly minimum fee of €25. This plan also maintains the six-month rolling reserve of 10%, with processing fees ranging between 13% to 14% based on weekly transaction volumes.
No Long-Term Contracts
Verotel’s plans do not include early termination fees, and PCI Compliance fees are integrated into the annual fees for both account types.
Reasonable Pricing for High-Risk E-Commerce
While Verotel’s fees are notably higher than many competitors, it remains a vital option for high-risk sectors such as adult content, nutraceuticals, and weapons industries—markets with substantial overseas dealings. Verotel’s higher rates and cash reserve requirements are measures to mitigate the risks associated with high chargeback ratios, a common concern in these industries. Negative feedback primarily centers around these policies, which seem to be applied judiciously rather than exploitatively. Business owners are advised to thoroughly understand Verotel’s fraud prevention policies before agreement.
For alternatives offering potentially more favorable terms, merchants are recommended to explore our list of the best merchant account providers.
