[Vick]

I contacted CCbill regarding this issue
Here's the response I received

"Visa's fees are passed on through our acquiring bank. At this point, our acquirer has not gotten precise information as to how Visa will handle the annual renewals. In order to best protect our interests, CCBill built a system that allowed us to collect the renewal fee over a period of time so that it would not be overly burdensome to our clients in one full payment.
We will hold these funds until we receive the billings from Visa. Should Visa not bill for whatever reason or change their program, then CCBill would refund these fees. However, at this point, CCBill will hold fees collected until our acquirer has been given accurate information. We absolutely expect to receive an annual bill from Visa at any time after November 15, 2003."

am guessing they expect to be billed and collected fees in anticipation