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1.5% with a $0.50 minimum is incredible gross margin on a debit transaction. All major debit card interchange is capped by regulation to just 0.05% + $0.22. Not
by abalone 10y ago
1.5% with a $0.50 minimum is incredible gross margin on a debit transaction. All major debit card interchange is capped by regulation to just 0.05% + $0.22. Not sure what their fraud exposure is though.
- chipperyman573 10y ago>All major debit card interchange is capped by regulation to just 0.05% + $0.22. Only in the UK. In the US the average is 2-3% + $0.30
- mildbow 10y agoThe parent is talking about debit. Are you taking about credit?