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).
Watch the YouTube Video
Rates & FeesSame Day or 24 Hour Approval
3.25% + $0.75 cents per transaction
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.
Integrates with over 170 popular website design builders
Same day settlement of funds (depending on the time of purchase)
No limits on daily, weekly & monthly transaction volume.
- New Customer Account Onboarding: $0.84¢
- Risk Verification: $0.75¢
- Available Balance Verification: $0.75¢
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.
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.