Originally Posted by beta-tester

1) actually scares me a bit. I don't understand how can VISA have the access to the funds. They must be located phisically somewhere, in the bank for example. From what I understand VISA only gives the bank the licence to issue the cards and use their network to operate on a global level. VISA by no means should have access to the money!! I might be seriously wrong on this, though, but I don't think so.

That means if the money is on VISA card, they are still in the bank laying somewhere, and if visa suspends the program, that doesn't mean the funds are frozen, right? VISA don't have any jurisdiction over the money sitting in one person's account that is only connected to VISA's network and can be used everywhere. If VISA withdraws its licence off that bank, money should still be in the account and not forfeited.

Please correct me if I am wrong...