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Old 05-10-2003, 09:26 AM   #1
hitman699
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Ibill making even more profit on VISA regs

I saw an AP article by Rachael Konrad today that says the visa fee's are 500 one time plus 50 yearly .. Not the 750 and 375 yearly that ibill specified when they socked it to us. I know some of that they were keeping but I thought it was only like 250 and 125 yearly. I the current amounts are true that means there making an extra 200 per client per year even over that.. ibill sucks
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Old 05-10-2003, 10:43 AM   #3
HairToStay
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And for that $50 or $250 they have to report to Visa each month with figures on sales, chargebacks, etc, and if they don't, they're subject to massive fines.

I believe Visa stated it was $750 with $500 being paid to Visa the first year.

$20+ a month to do all that paperwork? Doesn't sound outrageous
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Old 05-10-2003, 10:48 AM   #4
jact
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I do believe that whatever fees are paid on top of Visa's go to their aquiring bank and not to iBill.
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Old 05-10-2003, 11:08 AM   #5
Zprogramz
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Ibill is still in business?

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Old 05-10-2003, 11:29 AM   #6
greentea
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Ibill who?
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Old 05-10-2003, 11:53 AM   #7
Kohun
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Quote:
Originally posted by greentea
Ibill who?
apt remark


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Old 05-10-2003, 12:44 PM   #8
Masturbationman
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well I make a nice chunk of change off the stock over that last 6 weeks.

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Old 05-10-2003, 12:57 PM   #9
angelsofporn
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whats the ticker on ibill stock?
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