Verotel Review & Alternatives
Last Updated on October 10, 2023 by Corepay
Navigating the world of high-risk payment processing is tricky for businesses of all sizes. Today, we will look at Verotel payment processing, one of the largest high-risk payment processors for adult payment processing. Additionally, we’ll look at the best alternatives to Verotel and explain why we believe we can assist your payment processing needs.
- Verotel is a reliable merchant account provider specializing in high-risk e-commerce transactions.
- Verotel has received complaints and negative reviews regarding frozen payments, customer service, billing errors, and account cancellations.
- Verotel offers Basic and Premium pricing plans for high-risk businesses, with different fees and requirements.
- Corepay offers payment processing for hard-to-board merchants at a much more competitive price than Verotel.
What Is Verotel?
Verotel is a reliable payment processing solution for high-risk businesses. They specialize in payment processing for offshore clients in subscription-based or adult content industries. Founded in 1998 and headquartered in Amsterdam, Netherlands, Verotel offers subscription management tools, multilingual order pages, and a token-based prepayment system to meet the unique needs of its customers.
With no setup fee, monthly fee, or early termination fee on a month-to-month contract basis, Verotel offers flexibility to its clients. They provide live online and domestic phone support during regular business hours for customer assistance.
What Industries Does Verotel Serve?
Verotel serves a range of industries, catering specifically to high-risk businesses. Some industries they serve include adult content, subscription-based services, and offshore clients. Their expertise in payment processing makes them a top choice for companies in the streaming content and subscription-based industries.
Verotel specializes in meeting these industries’ unique needs by offering various services. They provide subscription management tools, multilingual order pages, and a token-based prepayment system. These tools and systems are designed to help businesses in these industries effectively manage their subscriptions and process payments securely.
Verotel offers a flat rate pricing model for payment processing rates. However, these rates are relatively high because Verotel serves high-risk businesses.
With the Basic account, you can access a hassle-free subscription management system and Verotel’s handy affiliate marketing system. To get started, there’s an annual registration fee of EUR 500.00* for Visa/MC registration and compliance monitoring. Regarding transaction charges, Verotel applies a flat rate of 15.5%.
On the other hand, the Premium plan has a lower rate of 13-14%. In addition, there is an additional 1.5% fee for recurring subscription processing. The Premium plan has no annual fee unless the transaction volume falls below $1,000 weekly.
Please note that these rates can vary, but this is what you can expect with Verotel.
It’s important to note that Verotel includes PCI compliance fees in its annual rates. Furthermore, there are no early termination fees or stipulated contract length.
Pros Of Verotel
One of the pros of Verotel is its transparent pricing model. This model includes all important terms and has public pricing available. As a merchant, you can easily access and understand the fees associated with Verotel’s payment processing services.
Verotel offers two pricing plans, Basic and Premium, allowing you to choose the option that best suits your business needs.
- Transparent pricing
- Able to board the hardest-to-board industries such as adult, CBD, and gaming
- Recurring billing
- Affiliate marketing
Cons Of Verotel
Unfortunately, there are some cons to using Verotel for your payment processing needs. One primary concern is the relatively high processing rates, which can be a significant business expense.
- Lack of customer support
- Sudden account closures
Alternatives To Verotel
When considering alternatives to Verotel, two options worth exploring are ourselves, Corepay, and CC Bill.
Corepay is a payment processing provider that specializes in high-risk industries. They offer services such as subscription management tools and token-based prepayment systems.
CC Bill is another reputable option, particularly for the adult content industry. They have features like customizable order pages and user management tools.
Both providers have a track record of serving high-risk businesses effectively and may be viable alternatives to Verotel based on their offerings and industry expertise.
While we may have a slight bias, we make for the best alternative to Verotel. With a strong European and US presence, we can offer highly competitive pricing that our competitors can’t match. Here are a few quick reasons to trust us:
- High-risk industry expertise: Corepay specializes in serving high-risk businesses, including those in the adult content industry and subscription-based businesses.
- Chargeback solutions: We offer an anti-chargeback suite through our sister company, CB-ALERT.
- Competitive pricing: With flat rate pricing and no setup or early termination fees, Corepay provides transparent and affordable payment processing options.
- 24/7 customer service: We pride ourselves on having a team available to your needs 24/7.
- Featured by Merchant Maverick as one of the best high-risk payment processors.
With our focus on high-risk industries, competitive pricing structure, and comprehensive tools and support options, we believe we are the best alternative to Verotel.
CC Bill offers reliable services and robust features catering to your needs. They have established themselves as a trusted alternative to Verotel, with a comprehensive suite of tools for subscription-based businesses and the adult content industry.
With CC Bill, you can benefit from their user-friendly platform, customizable order pages, and advanced billing and reporting API tools. They offer competitive pricing with a flat rate model, ensuring transparency and no hidden fees.
Moreover, CC Bill provides excellent customer support through live online assistance and domestic phone support during regular business hours. Their commitment to ethical practices is evident in their disclosure of all important terms and conditions upfront.
A drawback to CC Bill is that they also are a payment aggregator and will have considerably higher fees.
Why Choose Corepay?
At Corepay, we have worked in the high-risk payment space for over twenty years. We have boarded thousands of adult merchants, and we have banking relationships allowing us to offer pricing that many others can’t match.
Here’s what makes us a valuable alternative to Verotel payments:
- Competitive Processing Rates: Recognizing the significance of providing you with the most competitive processing fees, CorePay aims to foster your business’s growth while optimizing profitability.
- Swift Approval Times: Acknowledging the urgency for businesses to secure sales, we prioritize rapid approvals, typically granting them within 24-72 hours.
- High-Volume Processing: Through our proprietary payment gateway, Netvalve, we have meticulously crafted a solution for high-risk companies managing substantial transaction volumes. Count on our platform’s ability to accommodate your business’s upward trajectory.
- Acceptance of Multiple Currencies: Understanding the global nature of your business, we empower you to accept payments in various currencies, expanding your reach and enhancing customer convenience.
- Robust Security Measures: Your business’s security remains our paramount concern. Our PCI-Level 1 secure payment gateway undergoes continuous monitoring and rigorous security testing, ensuring uninterrupted protection for your transactions.
- Mobile Payment Capabilities: Seamlessly embracing the mobile revolution, our platform enables you to accept payments from customers using their mobile devices, catering to evolving consumer preferences.
- Transparent Pricing: We uphold transparency and simplicity, exemplified by waiving application, setup, and annual fees. This ensures you can focus on managing your business without undue financial concerns.
- 24/7 Customer Service: Delivering exceptional customer service is our pride. Our dedicated support team is available round-the-clock to address your inquiries or concerns. Your contentment remains our utmost priority.
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