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

old news, next case please

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

I do believe that whatever fees are paid on top of Visa's go to their aquiring bank and not to iBill.

Ibill is still in business?

Z

Ibill who?

apt remark :1orglaugh :1orglaugh
:thumbsup

Mark

well I make a nice chunk of change off the stock over that last 6 weeks.

Masturbation Man

whats the ticker on ibill stock?