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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)? |
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