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Hey guys,
My name is Joost Zuurbier and I am one of the Verotel founders.
We are cleaning up a whole bunch of very small accounts within
our system. These accounts do a few or a few tens of dollars
in volume / week.
We have terminated some of these accounts because of inactivity.
Since we have to pay VISA and MasterCard registration fees these
unused account are a simple cost and with terminating them we are
looking to reduce these costs.
Quick note on fees is that the entire industry will undergo some
dramatic changes in the next 6 months when MasterCard will make
it mandatory for all MasterCards acceptants, including all webmasters,
to register their identification and websites. This will effect all
IPSPs including our competitors, but also IPSPs like Paypal.
With such registration MasterCard will impose a fee.
We are trying to limit any costs as much as possible - and most
of the time we don't pass on the actual VISA/MC fees 1-to-1
but take this from our general gross margin. This may change
in the future since the fees that MasterCard intends to
charge might be a bit higher than normal.
We are currently in an healthy discussion with the credit card
schemes to make sure we can provide you excellent service,
with a decent rate, and 100% payment security.
Please note that Verotel is registered as a Payment Institute
with the Dutch Central Bank in the Netherlands and that the
Dutch Central Bank is overseeing Verotel's operations and
money held.
On another positive note is that we are close to open up our
new US office in California. This means that we can provide
even better support during business hours of all the people living
in the Americas.
Looking forward to continue to work with you all!
Warm regards,
Joost Zuurbier
Verotel Merchant Services BV
CEO
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Verotel
Trusted since 1998
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