Now that Verification of Payee is mandatory for euro credit transfers under the Instant Payments Regulation, it is a running operational cost, not a one-off project. Understanding the pricing model helps you budget accurately and compare providers on a like-for-like basis.
What drives the cost
- Volume: most VoP pricing is per check, so your monthly and peak volumes matter most.
- Coverage and routing: reaching more banks reliably has value built into the price.
- Support and SLAs: response times and uptime guarantees can affect the tier you need.
Costs to watch for
Per-check headline rates are easy to compare, but the real bill can include minimum commitments, overage charges above a threshold, or fees that vary by bank or scheme. When comparing providers, model your actual volume curve — including peaks like payroll days — not just an average.
Budget for peaks, not averages
A payroll run or sale day can multiply your daily check volume. Pricing that punishes spikes can cost far more than the headline rate suggests.
How RoxPay keeps it predictable
RoxPay favours transparent, volume-based pricing without surprise per-bank fees, so you can forecast VoP cost from your payment volumes. That predictability matters when VoP is a permanent part of your payment flow rather than a pilot.