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.