Ask 'how much does Verification of Payee cost?' and you'll get two different answers depending on who's asking. For the payer, it's free — the regulation requires it. For the bank, PSP or business providing the check, there's a real cost to operate, and understanding it helps you budget correctly.
Free to the payer, not to the provider
The EU Instant Payments Regulation prohibits charging the payer extra for VoP. So you can't pass a per-check fee to the end customer. The cost sits with the requesting PSP or the business running the verification, which is why pricing matters at the provider level.
How VoP is usually priced
- Per verification — a small fee per check, the most common model.
- Tiered / contract pricing — lower unit rates as monthly volume grows.
- Bundled — VoP included alongside other Open Banking services (PIS, AIS, IBAN validation).
Reach is the hidden cost
Building connectivity to each responding bank is expensive and slow. A provider already on the SEPA VoP scheme turns that capex into a predictable per-verification cost with European reach.
The RoxPay approach
RoxPay offers Verification of Payee on a pay-per-verification basis, with contract pricing for higher volumes, available via API and the RoxBusiness dashboard. There's no scheme to build or maintain, so the cost is the verification itself rather than a multi-month integration project. Talk to RoxPay for volume-based pricing.