Quote:
Originally Posted by Verotel
So once again semantics...it is NOT Visa that requires this but the acquiring bank...as I stated above!
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Darryl,
these are fees that VISA definitely put in place -
VISA
Each Sponsored Merchant must complete a registration form that will be submitted to Visa on the merchant behalf.
An initial registration fee of $750.00 per company (not per url) will be charged to register each Sponsored Merchant.
$500.00 of this fee is payable by the Acquiring Banks to Visa, the balance are administrative fees to the banks and processors.
Again we are talking about high risk IPSP - New regulations