Konda:
Quote:
Originally posted by [Labret]
Dont the Visa fees only apply to North American based processors so far?
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Yes they did, but not anymore (or at least soon). Visa International will also force EU merchants to comply with the same rules and regulations.
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This goes back to a meeting VISA had with the global banking regions. All but one region rejected VISA's "plans" - the exception was North America. The result of this, among other things, is the $750 fee.
No other banking regions up to this point have "given in" to VISA and accepted their proposals. (The EU banking region is not in agreement with VISA.) Until that day happens, I doubt there will be any "fees". But wait till Monday!