Verotel checks bounced
 

I have two recent Verotel payout checks that have been returned by my bank...anyone else having issues?

Waiting with patience for Jason to chime in :2 cents:

Jason? have some contact info for me?

Verotel fucked me over years ago.... Dutch bastards.

Dave

Verotel fucked me over years ago, it sucked big time.

Dutch bastards.

Dave

holy shit

porn is dead

Bump for business! :thumbsup

blast from the past, i did make sales with paysites using verotel, but don't exactly remember when i received the last payment from them :)

Doesn't sound good!

Could be an issue with their check processor....I know most people don't still use checks but in some cases they are the best option

Any Verotel guys around gfy?

no bueno

Hit up [email protected]
I know he was out of office recently but should be back about this time as i
recall from an auto reply. He is normally very active on GFY and good guy to talk to.

thanks man

really messed up shit. i refused to use them. i know they have some solid sponsors fuck that shit tho

No response from Verotel since this morning about their 2 bounced checks. Not good :2 cents:

google verotel bounced checks

From Verotel Management:

Some banks Verotel works with, under which Bank of America, have
recently earmarked some checks and payments as "related to
transactions of the adult industry", and because of this reason
Bank of America bounced these checks or returned the payments.

Adult industry payments are seen by some US financial institutions
as sources of “money laundering” and/or “terrorist financing”.

Verotel – as a licensed financial institution in the Netherlands – fully
disagrees with this opinion. Within the European legal framework
Verotel has its own obligations to verify the source and destination
of your funds, but clearly this process is not accepted by some US banks.

As Verotel has tens of thousands of merchants providing adult entertainment
services we decided to phase out from Bank of America earlier this month.

We apologize for the inconvenience this has caused you and we will
issue a new check or payment for the full outstanding amount if
you had a bounced check from BOFA. Verotel may be able to compensate all
extra costs that your bank or financial institution may have charged
you cashing checks or receiving payments. Please rest assured that there
are many other US banks and financial institutions available to
provide your Verotel payment on time. Once our payment support department
has all the information it needs it will issue a new US check or payment.

based on what...??

They have thousands of merchants, been around for two decades and never missed a single payment ever...

This is really messed up!

Sorry guys, I was away until Wednesday this week and have been playing catchup. Sorry for not checking in on GFY. We are still here and going strong! :2 cents:

Haven't been paid in two weeks...:mad:

Thanks Jason. I closed my account with Verotel a couple years ago and never received my holdbacks can you help me please?

Bank Of America is a bunch of cunts.
Use Chase. :)

Just an update...Verotel support has contacted me and they are telling me it is indeed BOA that has closed their account due to them being related to the adult industry. (ridiculous) To all those supposed adult webmasters on here supporting a right wing government you should probably give your head a shake but that is a story for another day.

Looks like Verotel will be working with me to make sure all payments are reissued and have offered to cover bank/wire fees. I will update this thread again when this is complete.

Just a suggestion to Verotel though...you guys need a presence on social media. I can't think of another company I work with that I can't just hit someone up on skype and get things sorted out right away. You guys were obviously aware of this situation before any of the webmasters. The fact that it took almost 24 hours of me sweating my balls off before getting a response is too bad.

Anyway, all seems well with Verotel overall...I will update when I have the money in my account.

Dutch bastards.
Frank

Verotel are stand up guys I am sure they will work out a solution for all... Wait and I am sure Jason will clarify it for us all...:2 cents:

..and BTW fuck BOFA and all the American right wing correctness...

My Skype is in my sig, add me: verotel-jason

:thumbsup:thumbsup

CCBill uses Bank of America (or did before we switched from wire to ACH).

Not saying BoA is against adult, but there could be more at play here than simple 'reputational risk'. Possibly a combination of Verotel processing for adult and being a foreign-owned company plus sending tons of payments on a regular basis may have pinged BoA's risk management in a bad way.

we have a couple hundred sites using Verotel and i haven't heard any complaints. this sounds like an accounting issue not a "holy fucking shit another biller is dead" issue.

#porncms

Another returned check this week...thought the issue was solved

FFS

Instead of check....

Ask Verotel to wire transfer/e-send payments to your bank.

Electronically shove the payment up the bank's ass.

as long as they cover the fees...the reason I don't use wire is because of the fees...Verotel fees are high enough as it is. And they don't have many payment options available for Canada.

When it comes to payments on time, Verotel is 99.9% perfect for me in the last 10 or so years.

I thought this was a bumped post from years ago.

Also lost with money with Verotel.

Run!

I am with Verotel for almost 10 years, Verotel have NEVER MISSED a weekly payment..:thumbsup

Its not a missed payment its a bounced check...most of the comments are totally irrelevant

Seems they sent out another BOA check, today in the mail I got a batch of new checks with the new banking info. Hopefully this is the end of the issues.

I am not accusing Verotel of scamming anyone, there have been issues with CHECK PAYMENTS due to their banking relationships

I have been with Verotel since year 2011 and no issues! :thumbsup

been using them for 13 years now & no issues either. they sent out an email regarding the BoA account closure telling you not to deposit those and new checks were coming.

Yes if anyone has any trouble with old BOA checks and did not see the email we sent and cashed them, please send an email to [email protected] and our payments team will resend them and compensate you for any bounced check fees.

Need to try adding you on Skype. Support is not answering for 6 days, I have to call Verotel today, and still no response from them.

Shoot me an email or add me on Skype. Both are in my sig. :thumbsup

Verotel is goede :thumbsup