So how does the accounting really work here? Does Priority Pass just act as intermediary and pass whatever charge from lounges to Chase, and Chase just pays them as it receives the bills, or does Chase pay Priority Pass a one time annual fee per member and be done? Basically who takes on the risk associated with the costs if people visit the lounges in a frequency higher than projected.
Last edited by fttc; Dec 23, 2019 at 8:01 am