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Shark · 10-09-2002, 07:27 AM

Just to add another " i just spoke to my iBill account rep" post,

My new rep just told me that they are still trying extremely hard to get a banking relationship in the Asia Pacific region.

It will be another week before any definite answer is known.

In the mean time she suggested that it would be best to start incorporating in the US because by doing that, I would be better off anyway, ......(hmmm)
She said that this was due to the fact that if they can establish a banking relationship here we will be facing an extra 2% in processing fees for this service. (this has been reported to have been said before also)

When asked if the deadline was a hard deadline or if there may be some leeway for those foreign webmasters having troubles trying to get setup in the US due to time constraints and especially those with the little time left because they waited on Ibills final anouncement on the requirements she said "Its the deadline we are setting"

.... so perhaps this isnt a Visa imposed deadline either ??

When asked what would happen to rebills in this case she said that if you were not ready by the deadline, all visa rebills would be canceled and would not be retrievable.

I could not get a clear answer on the presence issue, she said it looks like I would need to incorporate and have a US bank account, she couldnt comment on the possibility that the US presence may turn out to be more involved, for example having someone located there that owns at least 1% of the company.

10-09-2002, 07:27 AM
Shark Confirmed User Industry Role: Join Date: Feb 2002 Posts: 205	Just to add another " i just spoke to my iBill account rep" post, My new rep just told me that they are still trying extremely hard to get a banking relationship in the Asia Pacific region. It will be another week before any definite answer is known. In the mean time she suggested that it would be best to start incorporating in the US because by doing that, I would be better off anyway, ......(hmmm) She said that this was due to the fact that if they can establish a banking relationship here we will be facing an extra 2% in processing fees for this service. (this has been reported to have been said before also) When asked if the deadline was a hard deadline or if there may be some leeway for those foreign webmasters having troubles trying to get setup in the US due to time constraints and especially those with the little time left because they waited on Ibills final anouncement on the requirements she said "Its the deadline we are setting" .... so perhaps this isnt a Visa imposed deadline either ?? When asked what would happen to rebills in this case she said that if you were not ready by the deadline, all visa rebills would be canceled and would not be retrievable. I could not get a clear answer on the presence issue, she said it looks like I would need to incorporate and have a US bank account, she couldnt comment on the possibility that the US presence may turn out to be more involved, for example having someone located there that owns at least 1% of the company.