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Escrow and Payouts
 


Verotel understand that on-time payments are the lifeblood of your business and the cornerstone of the trust you put in us as a payment processor. Verotel is using Dutch trade law to ensure that your money is kept safe and is legally not in the hands of Verotel, but those of a third party: a 'foundation for third party money' (in Dutch: Stichting Derdengelden).

Such a foundation works in exactly the same way as an escrow account in certain foreign countries: all funds from our acquiring banks arrive in the escrow account. Verotel pays you directly from the escrow accounts. Only the Verotel Charge - the amount of money that Verotel charges for its services - is taken from the escrow account on a weekly basis. The 'float' always remains in the escrow account and belongs to you!

You determine the frequency of payments.

Verotel can pay you every four weeks, every two weeks or every week. It's up to you. You determine the frequency yourself in the Verotel Control center. There is no fee to receive payments by ACH (US only) or by Check (International). Verotel also offers a flexible, affordable and sophisticated wire transfer service. We wire payments to 76 countries worldwide for a nominal SWIFT fee.

Please note that since 1998, Verotel has never missed a payment. Verotel pays out every week, without exception!

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Information subject to change without notice. Verotel and the Verotel logo are registered service trademarks of Verotel Merchant Services BV. Ticketsclub and the Ticketsclub logo are registered service trademarks of Ticketsclub BV. All rights reserved (C) 2003-2006