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Nydahl
Currently Visa considers all transactions recurring or new single as New. As a result a webmaster will have to be registared with Visa ($750) to submit any transactions. The current rules state that an IPSP must have a bank in the COUNTRY that the webmaster is in. We are working with Visa to see if that can be interpreted as Region. The benifits and cost would not be available if each IPSP had to have banks in each country.
Hope that answered your question
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