New VISA M/C Rules VEROTEL

I got the email, but havent looked into the Netherlans Chamber of Commerce requirements though...

thats strange.. make sure its real first call visa or something

Can someone post the e-mail please?

would be interested in seeing a copy of that e-mail as well.

someone posted it earlier today.

and you can't just call visa and ask them that.

From what I understand, if you make more than $1000/month then your company name will be on your customers credit card statements rather than Verotel's name.

That letter didn't strike me as odd. I was in contact recently with another processor in the EU and they won't even set people up unless they have a company.

I think that's a good thing. Too many people are still hiding behind the anonimity of 3rd party processors.

Can't find the link to the email. Post the email again.

Verotel has an important update about four different subjects:

1. Recurring transactions on February 20th and February 21st.
2. Short outages on February 22nd and February 24th
3. Verotel Pro webmasters, changed IPSP regulations per April 1st
4. Webmaster Event Europe 2004, April 26th


1. Recurring transactions

Because of a technical problem with Verotel's systems and databases
on February 20th and 21st (last week) the recurring transactions
(extension of subscriptions) were not processed on these days.

However, NO transactions have been lost. All subscriptions due
for extension on February 20th and February 21st have been
extended on February 22nd - February 24th and date/time stamped
on these new dates.

The extended subscriptions, which were due to be extended on
February 20th and February 21st, but extended in the period of
February 22nd - February 24th, will be normally extended again
on March 20th and March 21st, if the subscription is not cancelled
or refunded.

2. Short outages

Due to system maintenance and backup procedures, Verotel experienced
short downtimes on February 22nd between 19h15 and 20h15 Central
European Time, and on February 24th between 01h15 and 03h15 Central
European Time.

We regret that we had such a disturbance in our service (both
the recurring transaction failure and the short outages) and we
apologize for the inconvenience this has caused you. We are
currently upgrading our services to ensure that such an outage
cannot happen again.

3. Verotel Pro

Starting April 1st 2004 VISA and MasterCard require that there is
more transparency regarding larger merchants for which Verotel
processes. End-users need to know which company they are dealing
with when they are using their credit card on the Internet.
This is good for your business and ours, as it will reduce the number
of chargebacks and complaints.

The solution is that larger merchants will need to show their
company name on the descriptor portion of credit card
statements. Currently the name 'VEROTEL' shows up on an enduser's
credit card statement. Webmasters that process, on average,
more than USD 1,000 a week, have been selected to become a
VEROTEL PRO customer, and it is required that the webmaster's
company name is shown on the descriptor.

The affected webmasters will be notified by registered/courier
mail and by e-mail within the next couple of days.

Please read the full story at:
http://www.verotel.com/new_ipsp.html

4. Webmaster Event Europe

The Webmaster Event Europe is going strong! Verotel will sponsor this
event on April 26th 2004. Please review the website at:
http://www.wee2004.com

With kind regards,

Verotel Management

search for verotel. i'd have to do the exact same thing.

Here!

Dear ***** *********,

Verotel has an important update about four different subjects:

1. Recurring transactions on February 20th and February 21st.
2. Short outages on February 22nd and February 24th
3. Verotel Pro webmasters, changed IPSP regulations per April 1st
4. Webmaster Event Europe 2004, April 26th


1. Recurring transactions
hahahahahahahahahahahahahahahahahahahahahahahahaha hahahahahahahahahahahahahahahahahahahahahahaha=

Because of a technical problem with Verotel's systems and databases
on February 20th and 21st (last week) the recurring transactions
(extension of subscriptions) were not processed on these days.

However, NO transactions have been lost. All subscriptions due
for extension on February 20th and February 21st have been
extended on February 22nd - February 24th and date/time stamped
on these new dates.

The extended subscriptions, which were due to be extended on
February 20th and February 21st, but extended in the period of
February 22nd - February 24th, will be normally extended again
on March 20th and March 21st, if the subscription is not cancelled
or refunded.

2. Short outages
hahahahahahahahahahahahahahahahahahahahahahahahaha hahahahahahaha

Due to system maintenance and backup procedures, Verotel experienced
short downtimes on February 22nd between 19h15 and 20h15 Central
European Time, and on February 24th between 01h15 and 03h15 Central
European Time.

We regret that we had such a disturbance in our service (both
the recurring transaction failure and the short outages) and we
apologize for the inconvenience this has caused you. We are
currently upgrading our services to ensure that such an outage
cannot happen again.

3. Verotel Pro
hahahahahahahahahahahahahahahahahahahahahahahahaha hahaha

Starting April 1st 2004 VISA and MasterCard require that there is
more transparency regarding larger merchants for which Verotel
processes. End-users need to know which company they are dealing
with when they are using their credit card on the Internet.
This is good for your business and ours, as it will reduce the number
of chargebacks and complaints.

The solution is that larger merchants will need to show their
company name on the descriptor portion of credit card
statements. Currently the name 'VEROTEL' shows up on an enduser's
credit card statement. Webmasters that process, on average,
more than USD 1,000 a week, have been selected to become a
VEROTEL PRO customer, and it is required that the webmaster's
company name is shown on the descriptor.

The affected webmasters will be notified by registered/courier
mail and by e-mail within the next couple of days.

Please read the full story at:
http://www.verotel.com/new_ipsp.html

4. Webmaster Event Europe
hahahahahahahahahahahahahahahahahahahahahahahahaha hahahahahahahahahahahahahahahahahahahahahahaha=

The Webmaster Event Europe is going strong! Verotel will sponsor this
event on April 26th 2004. Please review the website at:
http://www.wee2004.com

With kind regards,

Verotel Management

Most of it is here:

http://www.kvk.nl/sectie/sectie.asp?sectieID=102

I haven't been able to talk to anyone at Verotel but it seems to be a matter of registering your company in Holland so it is in effect legally the same as a Dutch BV incorporation. So therefore you are operating in the EU as a Dutch BV.

In some cases you may have to disclose yearly figures if such is the law in the country of origin. And I think the forms have to be filed in Dutch as well as English. This will be an adventure for sure.

I get sooo sick of having to do this bullshit, all the time it changes, I need more paperwork like I need a hole in the fucking head....

Wow. Another excellent post!!

So true, Joost and his team at Verotel are always staying ahead of the game, these changes have been made BEFORE they were required to by any demands.

They don't react, they set the standards.

Remember that VISA Europe APPROVED them to take over the Globill database... they wouldn't do that to a short term proposition would they?

People - do your research, because everything is of public record if you bother to look further than GFY...

http://www.verotel.com work for us as they can work for you.

that sounds like an infomercial

Even a ref link how generous.

Fuck! I hate all new rules coming from Visa...

Yup, getting feed up with Visa and their bitching

that sucks, maybe switch to another?

Don't sweat it! Just keep your sales under $999.99

Does the new rules means we have to pay taxes to the dutch government as well? Just read it in the chamber of commerce there.

I suppose we need to get our package from Verotel to see, I hope we can just register an overseas company , I've done some prelim reading and that may be the case....

I mean, registering an O/S company with their chamber of commerce or whatever they call it, like a verification more than a local registration,... not sure if that's what verotel is after though... Although the government site only used German companies as an example , so that's not majorly promising.

It depends where you are located. The US and the EU have arrangements where tax can be paid at either the home or business location.

Well if it?s of any relevance it will stop any tax evasion at a stroke

I'm not sure how you get tax evasion from all this....

**scott scratches his head**

Just that the EU is very keen on income tax reporting at the moment.

I see where you're at now, if that's the the case it could be good for some that are trying to launder money through dodge countries...

For most of us, we have to get it all back to the US and in my case australia to pay affiliates, so it's not related to us, however, I can imagine that some people would find angles with anything they do..

all the visa regulations is starting to piss me off...
fuck it, they make a lot of money of this biz, why do they continue to shoot themselfs in the foot?!? *grrr*

Well the adult internet is more and more becomming a real bussiness where you have to prove who you are and where you have to stand behind your compagny. Verotel is doing some sweet stuff! Even less cheaters... mmm moving in the right direction for sure!