Santiago Cleaners allows customers make purchases using their VISA credit cards. If customers purchase from Santiago using VISA credit cards, which of the following statements is correct? 1- VISA pays Santiago the full amount of purchase, without charging a fee.
2- VISA will wait until the customer makes payment to the credit card company until forwarding payment to Santiago.
3- Santiago does not have to collect directly from customers.
4- Santiago must bear any losses from uncollectible accounts.