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It would probably be the other way around, less expensive cards have a higher likelihood of fraud, so they would be charged a higher fee.
by mvid 10y ago
It would probably be the other way around, less expensive cards have a higher likelihood of fraud, so they would be charged a higher fee.
- notatoad 10y agoit is not. risk is covered through the interest rates the cardholder gets charged - higher risk cards are higher interest. Reward program costs are paid by the transaction fee the merchant gets charged.