CJ -- excellent synopsis, couple of things that aren't exact but close enough that it works --
HP -- if you are talking about that fiasco with Gonzo's account, that didn't have anything to do with the actual process, which is a rather simple one, and does require some documentation in order to have a commercial type account -- this is mandated by Visa so some things won't change. All those emails after the fact were people trying to be helpful who had no idea what was going on.