Verotel drop their bomb..

[Ann Omness]

I doubt if Verotel will be next to go down. VISA is putting the squeeze on internet payment service providers (IPSP's). They keep tightening regulations and increasing penalties. It's great that some IPSPs like ccBill and Epoch have managed to stay compliant, and that many of the AVS's have not yet been targeted for destruction by VISA. GloBill's move offshore didn't save them when VISA threatened their offshore bank. What Verotel seems to be doing is making itself something other than an IPSP so the VISA rules won't apply.

I'm not associated with Verotel. I don't even use them for any of my sites. But I'm glad to see that they're taking steps to protect themselves from measures that VISA might take in the future. I don't know why you'd think that they'll be next to go down, since they aren't as dependent on VISA as some other companies. VISA doesn't have the credit card monopoly in Europe that it has in other places.