Verifi announced on October 17 2024, they will be repricing all Verifi products included below, effective January 1st 2025. The impacted products to be repriced include:
- RDR - increase for low risk merchants, decrease for high risk merchants, no change for mid risk merchants
- CDRN - decrease for all merchants
- Order Insight - decrease for all merchants, except low risk price maintained
- CE Deflection - ambiguous price change depending on transaction size
Note, the Fraud/Dispute Notices product has no pricing adjustments.
In an effort to standardize pricing, and reduce MCC manipulation, Verifi has decided to provide uniform prices across all risk categories. Verifi's new pricing should ensure price fairness among merchants leveraging their products.
| RDR | Order Insights | |||||
|---|---|---|---|---|---|---|
| MCCs | Before Jan 1 | Post Jan 1* | Before Jan 1 | Post Jan 1* | Example Merchants | |
| 1 | Low risk | $5 | $19 | $0.20 | $0.20 | Retail Store |
| 2 | Medium risk | $19 | $19 | $0.30 | $0.20 | Subscription Software, Digital Goods |
| 3 | High risk | $29 | $19 | $0.50 | $0.20 | Adult, Online Gambling, CBD |
We are committed to providing pricing relief to low risk coded legacy customers.
In addition, CE deflection rates move from flat rates ($5/$20/$35 for T1/T2/T3 merchants), to a revenue share model, where the amount invoiced is proportional the value of the chargeback deflected.
| Percent of Deflected Transaction | Average Price | |
|---|---|---|
| $0-$9.99 | 30% | $1.50 |
| $10-$24.99 | 25% | $3.15 |
| $25-$49.99 | 20% | $7.50 |
| $50-$99.99 | 15% | $11.25 |
| $100-$249.99 | 10% | $15.00 |
| $250+ | capped | $22.50 |
The net result of these changes for Compelling Evidence will be:
- Savings for merchants selling low average sale price products
- Savings for merchants on medium or high risk MCCs
- Price increase for low risk merchants selling higher value products
