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Q: can FDA USA regulate over merchant processor in canada about documentation? ( No Answer,   0 Comments )
Question  
Subject: can FDA USA regulate over merchant processor in canada about documentation?
Category: Business and Money > eCommerce
Asked by: johnterryjr-ga
List Price: $30.00
Posted: 05 Jun 2004 14:32 PDT
Expires: 09 Jun 2004 18:58 PDT
Question ID: 356881
According to recent FDA regulations then VISA can only release funds
to pharmacies selling  prescription drugs if they can provide a)
tracking documetnation for all shipped orders and B) having an
attorney to attest that the business conducted is both legal in the
shipping country (India) and destination country (USA).
   Our payment processor is paysystems (paysystems.com) which is
located in *Canada*.

I need background information about:

1) if such rule really exist and from what time it has effect from
(does it have effect for orders settled before March 1 2004 or orders
*settled* after March 1 2004)

a bonus of 25 USD extra will be paid if these questions can also be answered:

2) Who get the money in case that tracking information can not be
provided (normally, ,omeny from a "fronzen: merchatn account is
released after about 6 months because then no chargebacks can occur to
the processor - iswill the money also need to be released after 6
months in case tracking info and letter from attorney is not being
provided)?
3) Who gets to see this tracking information and letter from the
attorney? (Paysystems.com, FDA or VISA?)
4) who "decides" whether the tracking information and letter from
attorney i sufficient (Does paysystems.com, FDA or VISA)?
Answer  
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