Quote:
Originally Posted by whatif_3
its been this way since 2002 and the reason has been posted here before many times
visa takes the fee from every IPSP that a program is registered with
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So, assuming this is true, then you are saying that the payment processors are charged $750 p/site, by VISA themselves.
If that is true, what is this fee for?
This would mean that the payment processors are simply passing the buck to the webmasters to cover this "fee". But what is this "fee" for?
Let's assume then, that Processor 1 provides Visa billing for 1,000,000 sites, and Processor 2 bills for 850,000 sites, and Processor 3 bills for 900,000 sites. These are just random numbers. Maybe they are on the high side, maybe they are on the low side. I have no idea, but using those numbers, then VISA will have been paid close to $3 BILLION dollars using this $750 billing scenario - not to mention annual rebills for same.
Since 2002? That would be a huge fucking pile of cash! Cut my hypothetical site numbers down by 70%, and then add the rebills, and we are stilling discussing BILLIONS of dollars!
I'm just trying to figure this out, but it just keeps getting more confusing...