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Old 10-04-2002, 08:32 PM  
x582
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Join Date: Mar 2002
Location: heh?
Posts: 609
My concerns about Visa new regulations

1. Foreign company needs to register another company in the USA.
2. The URL will be disclosed to VISA and appear on CUSTOMERS CREDIT CARD STATEMENT
3. Keeping Chargeback/Credit under 2.5%; if not : you are out for life.

>1 : I think this is a very complicated thing. Having a US presence it's pretty simple, cost a few thousands for an incorporation and a virtual office... But my problem is about US taxes. You'll need partnership contracts between that new US company and your existing company (i.e. in Canada) We already have spent several thousands dollars on Lawyers and Accounting firms over the past 3 months.

>2 : This will kills the industry. I don't think people will like to see "I like Dirty Fucking Bitches . com" on their credit card statement for obvious reasons.

>3 : Keeping a chargeback ratio under 2.5% is okay when Credits aren't included in that percentage. But keeping Credits and Chargebacks under 2.5% ... it's pretty tight and you are risking big.

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