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Old 10-04-2002, 12:03 PM  
RonC
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Join Date: Jul 2002
Posts: 236
Mortimer

The rules state that for an IPSP may only settle transactions for for webmasters that the IPSP has a bank in that COUNTRY. All 26 Visa Banks have denied to take adult transactions. Currently there is a letter from Visa Canada stating that they do not wish the business, and if Visa USA would like it they do not care. Problem is that Visa USA. Has not ruled it out, but at this point they are not leaning towards allowing US banks to process those transactions.

The rules state that we have to process for US webmaster with a US Visa bank as a result. As of today, unless Visa changes it mind we will require 2 items. A copy of US corporation, LLC etc.. papers and a signed online copy stating you are a US webmaster. You can also us an SSN number or Drivers lic. copy instead of the Corporation.

This is how we know it as of today))
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