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Verotel is mostly used by webmasters of adult websites and other “sellers of high risk products”.Setup of the system is free; there is no monthly payment for using. Commission fee is 12-19 %% (depends on sells). The price has to be between $3.75 and $75. Besides credit cards and checks there are some more alternative methods of payment which is actual for Europeans – direct, debit, dialer. Its possible to sell only content of the site: text, images, photo, audio, video, etc. Physical existent products and services can’t be sold using Verotel.
Payment scheme looks like: Visitor clicks special link and gets to the page of processing center -> Enters card credentials -> Bank authorizes transaction -> Money is being taken from customer account and put to the broker account (processing center) -> Money is being added to your Verotel account (minus commission fee).
Some more history:
It's possible to withdraw money from procession center account only as check or bank transfer (optional). Practically every processing center is able to provide partner (resseler) program.
Besides advantages of credit card accepting there are some disadvantages related with Internet fraud. For example in case of chargeback almost every processing center provides penalty fee (besides that you should return payment). In most cases chargeback could appear if someone buys you product (service) using stolen credit card. Part of earned from selling money (~10%) is holding on your account to cover possible penalty fees and refunds (this is called as holdback).
About processing centers: be aware about appearing new Russian billings (and not only Russian) – you can easily become victim of the fraud and loose all true earned money. In addition commission fee of Russian center is too high.
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