got the Dreaded *VEROTEL* email TODAY
 

Yep looks like they are carefully hand picking and choosing which accounts to squeeze, and we seem to qualify for the shakedown....

All we have ever tried to do is raise awareness and illustrate many of the different ways to get ass fucked by the pseudobanks, and sadly they get away with what we allow them to get away with.


At least the grammar in this email was a little better, and still they need to get their facts straight.

My email says although we have an account that we have *NO* processing history with them.....LOL What the fuck is really going on....how do you tell when a banker or pseudo banker is lying... .....their lips are moving

2012 still passing the excuses and holding the monies...great work adult industry lawyers and associations way to keep the middlemen honest:thumbsup

We only have gotten about 50 - 60 wires from them over the years but we have no processing history....you just have to laugh sometimes

:Oh crap

:Oh crap:Oh crap:Oh crap

What an appropiate sad face...when you have an account in excellent standing, no fraud, no charge backs...good processing for 7 years...and *THEY* penalize you the peasant merchant...could it be more obvious at this point who works for who?

Are there any questions left? We work for them! No two ways about it. If *they* can turn off your processing with no notice, no warning, no nothing but a ransom fee...I ask again who works for who?

Has this ever been a question?

Actually, in this aspect of banking, everyone works for VISA and MC. Even the processors, and even the banks....



:2 cents:.

Definitely not a question for me, but for many of my industry colleagues who are under hallucinations about being their own boss...

The one who can turn off your processing is the boss...so we have a collective slight of hand jedi mind trick being played on us at all times.

The middle men who produce and create nothing, but seek to control and regulate ecommerce to the point of overkill are the problem

There will always be merchants and customers...there have always been since the dawn of time...these bankers and pseudo bankers are a new cancer and if the cancer is not removed it will spread and infect what has yet to be infected.

You all can see it is only getting worse by the day....sure all you and I want to do is make money by pleasing our customers and be left alone ...is that asking too much?

:error:error

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

Well said.

You can demonize the 3rd party processors all you like, but the real power is wielded by the merchant banks higher up the food chain. For anyone who's dealt with this on a larger level, would easily understand this.

VISA, Mastercard, the merchant bank that 3rd party processors use are who hold the true power, and set the rules we must all follow. Shit simply runs down hill.

:2 cents:

And actually, if the banks wish to keep their VISA/MC Acquiring licenses, they must follow the VISA/MC associations vast and ever-changing requirements. If they don't, they are either fined heavily and put under constant audit and supervision by the card associations, or they lose their ability to process CC payments altogether. This happens a hell of a lot more often then people realize.

The ONLY way for all of us to get out from under the card associations is to come up with a payment system that our customers will use that does not revolve around a privately owned electronic currency.



.

It does indeed.

I have been in this industry for 15 years. I have seen many companies get hit by these sorts of things in my tenure. Clips4sale, BHE, among many others big and small along the way for any host of different reasons (PETA, improper record keeping, not following regs, etc.).

More often then not, we as webmasters deal with are the last link in the food chain or pecking order. We have the 3rd party processors handling our transactions, who have their merchant accounts through their merchant bank, who must serve their own VISA/MC overlords.

Many simply do not want, nor care, about how the system truly operates.... as demonstrated by these sorts of threads. They think it's just big bad Verotel, CCB, or whomever their latest demon is trying to "fuck them over".

:2 cents:

that would be sweet

No one forces you to use VISA, MC,.... You are free to run your business the way you want. They are free to run their business the way they want. If you don't like the service they provide, you are free to stop using them. You are free to use or come up with other ways to receive payments from people all over the world.

Ding! Ding! Ladies and Gentlemen! After 13 rounds we HAVE A WINNER!!



.:thumbsup:pimp


.

Years ago I tried Verotel for a month. When I didn't get paid I looked into why and they claimed that EVERY sale was charged back and that I actually owed them money. LOL

I dropped them like a bad habit and moved onto Globill, where I also got burned when they went tits up.

As great as that sounds, it would be a matter of HOURS before the shit bags in this business would find a way to screw everyone over with it.

I stop using them as my main processor , and I got the dread letter too, and after hundreds of thousands of dollars in business with them...THIS IS JUST BAD BUSINESS, AND WON'T BE FORGOTTEN

Any alternative for verotel? Dang I hate looking for a cc processor all over again.

Barepussy shut the fuck you fucking ass clown..contrary to your own delusions you do not possess the sum total of all knowledge and understanding of *EVERY FUCKING THING*

So Fuck off I am in no mood for you taking a pot shot and blaming our email on our own *lack of understanding* fuck you if you can understand that

Hey Sperbonzo truer words have never been spoken with respect to our current state of processing affairs.

I mean you are losing rights every fucking day, banks are having there way with us, society seems to be breaking down...where does it end...can we make and sell some adult entertainment and be left the fuck alone....no because its not in a parasites nature to have you prosper....

the mindset of a parasite and yes visa and mastercard could very well be the ultimate parasites along with the central banks....as ron paul has said ad infinitem this bull shit central control that banks exert is not sustainable.

The more they get the more they want...it is a dysfunctional mind set when one has all there is to have and still wants more. We are tired of the wars, tired of the games, tired of rights being taken, tired of being groped before you travel, tired of being guilty until proven innocent...

The battle against the central banks rages on...go Ron Paul!

True dat fine sire.

:thumbsup

Thanks for your keen insight and help....I actually concur, and would like to see others who are affected start having a discussion on what other viable ways can be innovated to take all the control from the middle men, and develope a better more merchant customer friendly option to transact.

You are correct maybe soon we will start a dialogue about it and see what we can come up with.

The bankers know and understand that humans consume porn. They are not fools by any stretch.

The bankers do not produce porn... they control and regulate the flow of porn revenue when they have an opportunity.

Thats why its been stated the love of money is the root of all evil...who loves money more than a banker or pseudo banker?

I am done ranting about it...just had to get that off my chest...glad others that are reasonable can see and spot a bad business exhibition when they see one...

And the usual suspects who defend and worship billers and banks alike will continue to reveal themselves in every thread critical of the process... The banks can never be wrong or unfair...they are God, and make break and change rules whenever they so desire.

you or me break or change a rule its penalty and fine after penalty and fine

Go cry wolf on some other forum you fucking broke ass.

My replies had nothing to do with "you" and the pennies you process a month. It was in regards to how the processing of the adult industry is handled on the whole in the realm of merchant banks, and VISA/MC.

I've never claimed to know everything about everything. That is just more of your bullshit and jumping to conclusions as always. That being said, your own history reads like a broke ass joke attention whore. Take some of your own advise, and fuck off.

:2 cents:

Depending on your location, credit history, volume and processing history, we can help. However, we are not a3rd party processor and never will be.

Please let us know if you have any questions and contact us so we can who you the power of using NETbilling. We are celebrating 14 years in the processing industry and keeping our merchants profitable and happy.

We look forward to serving you.

Mitch

Sara, you really need to stay off the boards, you damage your company's credibility when you flip out like you did at Barefootsies over nothing at all.

Seriously, you come across as less than reasonable, not good if you want people to trust and do business with you.

Let Beaner be the board person if you are still doing things with him.

Before you flip out on me, You're right, I'm nobody at all.

I'm just someone who would never even consider doing business with your sites because of you on the boards.

Yup, won't even consider her program because of her and I'm a pretty large sized affiliate. :2 cents:

Just adding my 2cents here...

We just received an email from verotel as well - they're essentially at the bottom of our cascade stack - which sounds to me like they're hiding behind some supposed new requirements by MC. They're basically saying "if you process less than x amount per week, then you have to pay us more".

Now, as stated, we don't process a lot of sales through them. We used to but ever since they came pointing the finger at us regarding fraudulent transactions while approving signups that are so obviously fraudulent, we have dropped them to the very bottom of our cascades.

Also, as stated above, they claim this is a new requirement from MC, and yet don't link to or show where these new requirements can be found.

If a payment processor is going to play the shit rolls down hill game, then they need to provide information as to where these new requirements come from.

Here's the email we got:

What I find truly ironic is the claim they make regarding new transparency requirements from the 'credit card companies' and yet they are being anything but transparent.

Not like we actually care all that much considering we hardly send any sales through them anymore, but at the end of the day, this just sounds like a money grab to me.

Also, I thought the cc companies already required merchants to submit every single website to them for approval?

ouch you hurt my feelings...its painful...it really hurts...ouch...even with my excruciating and demoralizing pain that I feel thanks to your accurate summary of me...I would just like to say one more thing...fuck you again and anybody with you

Fuck you too warchild...plenty for you too ...assholes and bare pussies always flock in pairs

This thread is fucking retarded! What a waste of time. What the fuck are you talking about?

Why didn't you just post the email and get over with it, then let more intelligent people discuss the matter.

So verotel are complying with new rules that will affect every billing company? Is that it?

"Others will follow. Shortly after summer
(September 15th) the new registration requirements will
go into effect globally ? including with our US competitors."

But instead posting it as a personal attack from verotel.

hey ass hat number 2 do you have any fucking idea how many times I have seen bare pussy get his ass rightfully handed to him on gfy by dozens and dozens of people...

do you go asking the dozens of other people who have challenged bare pussy to stop or you won't join their program?

If so could you show me one post where you asked someone else to not go off on barepussy because it my cause there *WHOLE* program to be questionable because of a comment made on a board?

seriously?

Hey can we wait until everyone has to pay the registration fee then?

If it is being implemented globally okay no worries, can we all dish it out at the same time then?

In the mean time lets resume processing so we can have the 500 euros right...its only common sense

Sara stay on target babe. If you get in a shit slinger with some of these guys this thread will be derailed. I know your not trying too but some them will.

Sara, Continue on as a lunatic, that is after all what everyone looks for in a business relationship.

Will you consider mines :)

I agree and shutting people off on the weekend in the USA is a bad look. We do more than 100 a week but have to weigh our options considering how support has treated us on basic issues lately. Conversion have been good but dont want to wake up to an email kicking us out.

Someone from another third party cc processor can confirm or deny this?
Thanks

Dear people at GFY,

I totally understand your request for more transparency. Please
understand that VISA and MC wants to know who you are and which
websites you have.

They try to balance between all parties involved:
the merchant (who wants to get as much sales as possible), the
enduser (the customer of the credit card issuing banks - the one
that should not a chargeback), the IPSP (the one that stores credit
card data which entails a risk for the brand) and the actual content
that is sold (they don't want to have someone claiming 'for everything
else there is a MasterCard' - when incest content is illegally sold).

Now reduction of risk:

- Making sure that all merchants get registered and verified against
an internal blacklist, a list called MATCH, and several international law
enforcement agency lists.
Costs: US$ 500 for MasterCard annually
+ US$ 100 for annual verification with law enforcement agencies

Just google for 'mastercard payment facilitator' and you will find a
complete document with all global rules. The version of December 2011
still has the US$ 1000 annual fee. We got this down to US$ 500.
I guess a new version of this document will be released soon.

- Enduser risk. We provide customer support for your customers
where we have certain red flags when there is a sudden change
in number of support requests per website.

We take the costs of this from the margin we make on your
transaction processing.

- IPSP risk. We are fully PCI/DSS compliant. This ensure VISA and
MC that we do our outmost best to prevent any hacking of credit card
data. Cost: $ 400 per merchant per year.

We take the costs of this from the margin we make on your
transaction processing.

- Content risk. This is the costs for verifying weekly your content
with the rules and regulations of the credit card companies.
We are required by MC and VISA rules to outsource this to a
Web Crawler Agent like G2. Charge per merchant is approximately
US$ 350 per year.

The registration fees (US$ 600) and content risk fees (US$ 350)
are new. The fee of EUR 500 (appr. US$ 650) will offset these costs
a bit.

Of course our business entails many other costs: PSD compliance fees,
merchant support fees, internet connectivity and server fees, chargeback
fees, statement fees, refund fees, transaction fees, wire fees.

In the end it's all about volume. And we are happy we have a healthy
merchant base, a great team and a great future in California with our new
US office. This way we can even more supportive to you.

Hopefully this is transparent enough :)
Kind regards,


Verotel Merchant Services BV
Joost Zuurbier

They hate me

Is this the document you are referring to?

http://www.mastercard.com/us/merchan...ual_public.pdf

I sent an email to you. Their have been 3 people independently working on the account and have put in a great deal of time and effort to ensure that we could use Verotel and Sliiing in conjuction to process as well as pay affiliates.

I'm quoting this statement:

"Hey Guys,

For temporary reactivation just email compliance[at]verotel.com and we will
reactivate your account if you convince us the account is not unused.

And of course we will pay every penny.
warm regards,

Joost Zuurbier
Verotel Merchant Services BV"

The setup has been completed. Please don't leave us hanging like this now. We process way more then $100 EUROS a week.

Hey Signup does that document load for you, I am trying to view it and it will not load for me.