TelcoVillage® Clearinghouse
Transparency and trust
The TelcoVillage® clearinghouse is the first and only escrow service in the telecoms industry that offers to it’s members 24/7 online access to the account at Deutsche Bank AG.
Commision Free
The TelcoVillage® clearinghouse does not charge a per minute fee and thus, does not participate of your business in any way.
Fast
Payment transactions between TelcoVillage® clearinghouse accounts take place in real time and are free of charge.
Money Deposit / Withdrawal
Only a small fee of 0.1% of the transferred amount applies when sending payments from a bank account to a TelcoVillage® clearinghouse account* at Deutsche Bank. That is only 1 US$ for every transferred 1000 US$.
Comparison
| Fee | Conventional Escrow Service | TelcoVillage® Clearinghouse |
|---|---|---|
| Yearly fee | up to 300 US$ / Year | FREE |
| Per minute fee | up to 0.0005 US$ / Minute | FREE |
| Direct Access to account at Deutsche Bank AG | NO | YES |
| Wire fee (incoming/outgoing)** | up to 40 US$ per wire | 0.1% (1 US$ / 1000 US$) |
| Currencies | US$ | US$, EUR, GBP |
*The TelcoVillage® Clearing House is available to all TelcoVillage® members and covers all traffic sent via TelcoVillage®. **Additional bank fees for wiring a payment may apply according the customers individual bank terms and conditions. Logos and Names are registered trademarks of their respective owners.