Thread: iBill Update
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Old 10-20-2004, 02:16 PM  
directfiesta
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Join Date: Oct 2002
Location: Punta Cana, DR
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Quote:
Originally posted by Jager
Where is this information about the $1500 fee coming from?

I've seen nothing about it in the CMI and there was nothing about it in the agreement we sent back nor in the summary document.

Is there any link or statement from them that specifically lists this fee?
on the cmi - half way down

Quote:
Costs:

* $1500 VISA high-risk merchant account fee ? this fee is NOT required up front and your application will be reviewed for approval without payment of the fee. However, if approved, the fee will be required for processing to begin.

* iBill fees will be fixed and will be based on the same rate you are currently paying.

* Initial six-month reserve, reviewed quarterly for potential adjustment upward or downward (no more rolling reserve).


This application will enable Visa and MasterCard processing under our new domestic bank. All other card types and iBill payment options will be processed through your existing iBill Complete account.
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