Quote:
Originally Posted by BFT3K
Thank you for stepping up, and offering some sort of explanation. I can afford the $750. That is not the problem.. My question remains...
What is the $750 VISA fee for (the first year), and further, what is the $400 VISA rebill fee for, each year thereafter? What is the fee for? Is it just random income for VISA? What is the justification for this fee? In your answer you have avoided calling it an "application fee" which would imply an approval process, so what is the fee for?
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I suppose, as someone suggested above, that you would need to ask Visa that question. I don't know how they came up with that figure or where the money goes.
But I would suggest they do this because they actually do staff people to look at sites for compliance purposes and to read GFY.