Quote:
Originally Posted by KRosh
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
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I'd like to see it in writing (preferably on Visa letter head or a link to the Visa site.) Yes, I'm talking about the new high risk regulations but once again, it could be different between the US and Europe because we also have IPSP status but we get no strictly Visa fee as you describe....only a "registration" fee from one of our acquirers and NONE from the other.