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Hooper · 12-02-2002

actually what i said was simply a quote of the new ipsp regulations.. just that if you are a usa based company the acquiring bank for whatever visa merchant account processes your transactions (be epoch, ccbill, ibill whatever) has to be based out of the usa.

my understanding of the rules is that if you violate those rules you are subject to a max $25,000 per instance fine and/or removal of your sponsored merchant status.

this has nothing to do with international banking or any other credit card companies.. just visa and ipsp's.

12-02-2002	#7
Hooper Members Join Date: Oct 2002 Posts: 1,156	actually what i said was simply a quote of the new ipsp regulations.. just that if you are a usa based company the acquiring bank for whatever visa merchant account processes your transactions (be epoch, ccbill, ibill whatever) has to be based out of the usa. my understanding of the rules is that if you violate those rules you are subject to a max $25,000 per instance fine and/or removal of your sponsored merchant status. this has nothing to do with international banking or any other credit card companies.. just visa and ipsp's. __________________ Quickbuck is paying $100 Per trial join.