Quote:
Originally Posted by mrjoost
Hey everyone,
Just letting you know is that today we released new account types to be fully compliant with the requirements of VISA and MC:
Check Verotel's homepage under Products and Pricing.
Especially MasterCard is very strict and fast-moving about its new transparency rules - where merchants need to be registered under their Payment Facilitator framework. Lucky enough we were able to negotiate relative fair conditions - with as outcome the three account types as listed on our website: Basic, Premium and Pro.
We are currently making these changes into our back end infrastructure.
In the next couple of weeks/months we will be contacting all our merchants to make sure we have all the latest documents on file to register with the CC companies.
Shortly after summer (September 15th) the new registration requirements will go into effect globally – including with our US competitors.
Kind regards,
Joost Zuurbier
Verotel Merchant Services BV
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I asked CCBill about these fore coming "new registration requirements", but CCBill tells me they are not aware of any new policies coming down the pike in the US.