Veriport uses Stripe Connect to securely manage payments for services ordered through the Network. As a requester (TPA), you’ll keep a credit card on file and be charged for each service you request from a provider (CSP). Stripe ensures efficient, consolidated billing while maintaining transparency across all transactions.
How Payments Work
- You securely store a credit card on file under Settings > Stripe Payment Management.
- When you request a service, the cost is authorized on your card at the time of order.
- Charges are batched and billed once per day, even if multiple services are ordered, to reduce the number of transactions on your credit card statement.
- Each charge includes both the provider’s service fee and the Veriport service fee.
- Funds are routed securely to the provider via Stripe after service completion.
Transparent Billing
- You see the full cost of each service before confirming the request, including all fees.
- Providers receive 100% of their listed service fee—Veriport's service fee is added on top.
- Stripe processes the payment and delivers funds to the provider after completion.
- Veriport's service fees includes all credit card transaction costs and deposit costs - no extra fees added.
Monthly Reconciliation
To support your accounting and compliance processes, Veriport provides a monthly statement summarizing all charges and services ordered during the month. This includes:
- Service dates and locations
- Provider names
- Amounts paid and associated fees
- Transaction summaries to match against your card statement
Benefits of Stripe Connect for Requesters
- Secure credit card processing with PCI-compliant infrastructure
- Reduced transaction clutter with daily batch billing
- Detailed monthly statements to simplify reconciliation
Stripe Connect ensures a reliable, transparent, and efficient payment experience while allowing you to focus on managing testing needs—not billing logistics.