It can be as simple as needing a charge, or bad as a shot compressor, evaporator or condenser. Nothing unique about the Versa AC system as all car AC systems are virtually identical. As far as cost, it depends on what is wrong.
The AC in my Versa has always made that hissing noise upon startup. It's the loudest AC I have ever owned. I'm betting you have a small leak somewhere. Either bring it in for an inspection or top it off with some R134A with UV dye and look for yourself.
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