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I just got reply from ibill:
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First, you will be contacted regarding any additional information required
to complete your registration the week of October 7, 2002. Some of the
information required for this registration will include:
1) Company Name
2) U.S. Based Business Address
3) Either a U.S. Based Corporate Tax ID Number or U.S. Social Security
Number
4) Driver's License or Passport number
5) URL Listings
After receiving all required data for your registration, iBill.com will
present you with options for payment of your Initial registration fee of
$750.00 (per company not URL). $500 of this fee will go directly to VISA
USA, and the balance will serve as an administrative fee to the banks and
processors. These fees are due by November 15, 2002, if you choose to
continue your relationship with iBill for VISA billing. Once payment is
received iBill will complete the registration process on your behalf.
An ongoing annual registration fee of $375.00 will be charged beginning the
year following the payment of the initial registration fee. $250.00 of this
fee will go directly to VISA USA, and the balance will serve as an
administrative fee to the banks and processors.
Under the new VISA USA regulations, an IPSP will only be permitted to
register Sponsored Merchants for processing if the Sponsored Merchant has
their corporation based in the same Country as the IPSP's Acquiring Bank for
VISA transactions. i.e. iBill currently has a banking relationship with an
acquirer for VISA USA, and thus can handle high risk processing for any
Sponsored Merchant based in the US.
If I can be of any further assistance, please let me know.
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