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Originally Posted by socalkev
Verotel has more billing options than CCBill or Paycom, and they also don't charge the $750 Visa fee.
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TicketsClub accounts
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Originally Posted by hakkrdan
Any biller charging a god damned $1500 setup fee is ripping you right the fuck off. I don't know why or how these guys get away with it. They don't establish you with a real merchant account. They create a federated account under their name. Think of it as a subaccount of their real merchant account - that they use.
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What hakkrdan says is not completely correct - at least not with us. We have to pay our acquiring bank 95% of the registration fee we charge for Verotel PRO accounts - what we don't pay to them goes to notary fees and Chamber of commerce fees! Considering the current Visa/MC regs I would imagine that it works the same for most PSPs/IPSPs/Underwriters because the card associations "treat" it as a "real" merchant account.
Now whether we take a risk (mainly for established high volume merchants) we may decide to discount or waive the fee (and pay it out of our own pockets) with the hopes to make it back from processing/recurrings.
