Originally Posted by Webby

Still thinking of the meaning behind this RS - shit I'm slow

Let's put it this way... assuming it's third party processing, the only banking region to accept VISA's "terms of trading" is North America. As part of this process, that mean't implementing extra procedures (basically crap) and a charge of around $750 for the privilege.

So.. anyone based or operating physically within North America appears to be obliged to comply with VISA US rulings. There are also cross-border issues creeping into the background.

OK... On a constructive side and possibly a clue - forget VISA North America and incorporate in a different banking region. The EU is as good as any and no fees apply. That down-the-drain $750 can be applied to costs of incorporation and at least you have a corp, - one step up from having nothing for $750. In that scenario - you have a choice of several processors to deal with and no fees.