Meet Verde©, also called Instant Bank Direct Debit
With our new instant bank account direct debit technology, online shoppers no longer need to expose sensitive bank account numbers or credit card information. Credit cards are not involved. The online shopper simply needs to know where they bank and how to log in.
Customers make payment by logging into their personal or business bank account.
- Our bank-to-bank payment app is connected to more than 11,000 US domestic banks and credit unions.
- Yes, your bank is probably connected too!
- The connect-and-pay banking app is the same trusted module used by PayPal, Stripe, Zelle, Robinhood and Coinbase.
How Easy Is It For Customers To Pay?
1. SELECT YOUR BANK.
At checkout, the buyer will select their bank from a directory of over 3,000 US banks and credit unions. They will see same interface you’d see if you were to log in to your own bank’s online portal. To reduce the risk of losing the sale, shoppers are never diverted from website checkout page.
2. LOGIN (AS YOU NORMALLY DO)
The buyer will log into their bank’s secure online portal with the same User ID and password they’ve always used in the past. There is no need to enter a routing number or account number. This feature makes bank direct debit faster, more secure and easier to use than credit cards online.
3. CLICK TO PAY
The online shopper confirms the dollar amount of the purchase by and it’s done. The transaction is completed within seconds.
Funds settle in the merchant’s bank account the same day (or within 24 hours depending on the bank).
Acceptable Products
- Marijuana / Cannabis - must be a licensed dispensary with proper documentation. Customers may prepay online and pick-up with proof of valid I.D.
- All hemp-derived products including; CBD oils, edibles, isolate powder, Delta-8/9 THC (even THC levels far above 0.30%), kratom , kava, peptides. *If it's legal, we approve it.
- No laboratory COAs need to be submitted. However, COAs must be published to the target website and highly visible.
- Recreational paraphernalia; glass, pipes, bongs, grinders, and much more.
- Debt Collection, Airline & Lodging, Moving Services, Adult, High Ticket Coaching, Multi-level Marketing, and more.
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Restaurant Take-out (eliminate the risk and expense of charge-backs fraud after purchase)
- Must have a valid business bank account in the USA. (Sole proprietorships and are gladly accepted with proof of a business bank account that matches the DBA name)
- Submit a clear color-copy of any government-issued identification card. (Only the owner may apply. Other company representatives can manage the account after approval.)
- Sign and return the Credit Card Authorization Form & Checking Account Authorization Form.
- Sign and return the Arbitration Agreement, the Refund Policy, Signature Card, and Compliance Statement.
- Merchant's website must have an active website with an SSL certificate.
- Seamless integration into WordPress+WooCommerce, Shopify, and OpenCart
Watch the YouTube Video
Rates & Fees
Same Day or 24 Hour Approval-
3.25% + $0.75 cents per transaction
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The $0.75 cent transaction fee only applies to a newly boarded customer's first purchase. The rate of 3.25% NO LONGER applies to subsequent purchases made by by the same customer.
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Integrates with over 170 popular website design builders
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Same day settlement of funds (depending on the time of purchase)
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No limits on daily, weekly & monthly transaction volume.
- New Customer Account Onboarding: $0.84¢
- Risk Verification: $0.75¢
- Available Balance Verification: $0.75¢
Unbeatable Pricing
When a brand new, first-time customer buys from your website our order tracking system performs an Account on-boarding (AO) and a Risk Verification (RV). A fee of $1.50¢ will be deducted from the total sale. A one-time processing fee of 3.25% is applied to the transaction. However, the processing fee and discount of 3.25% is no longer applied to future orders from the same customer.
Subsequent Transactions: Discount Rate Is No Longer Applied
When the same customer revisits your online store for future purchases, only the $0.84⊄ transaction fee will apply. In other words, once the customer is registered in the system, our payment processor will only charge the Available Balance Verification (ABV) per each transaction. We will re-verify their risk once every ninety (90) days or upon receiving an update to their bank account. This unique pricing structure makes Verde™ up to 300% less expensive compared to traditional credit card processing.
Installation Process
Verde™ also called or pay by bank-account-direct debit functions on a website after our basic eCheck platform is installed first. The basic eCheck service is typically activated within 24 hours of approval. Please allow 3-5 business days for Verde™ to be activated on your account. Once activated, you can utilize Verde™ through our Shopify, WooCommerce, and OpenCart shopping cart plugins!
Say Goodbye To Credit Card Chargebacks
Transactions authenticated only after the buyer enters their shipping address details, a phone number, and logs into their personal bank portal via Username & Password known only to them.
Welcome to next generation e-Commerce security.
Same Day or 24 Hour Approval
100% in-house underwriting. No credit check. No mountains of paperwork needed.
Step One; first, we get a new merchant set up with our basic e-Check merchant account that supports base for Verde to operate. Step Two; after the e-Check account has been fully set up and launched, simply request Verde to be added to your account.
Verde is an add-on service and is not included in your base e-check account. It cannot be added until the processor receives an email request from the merchant.
Seamless Integration into WordPress, Shopify, and OpenCart.
If a merchant is utilizing a different shopping cart, utilize Verde through the invoicing option inside their portal or put one of our "Pay Now" buttons on the target website.
Easy 'Click & Pay'
Online shoppers enter their bank account User ID & password, verify the amount of the purchase, and 'click-to-pay'.
Click the green box for a free test drive of Verde™. Use a fake name, a fake shipping address, and fake bank details.