4 ms·
Final probably wasn't pushing much volume as a Visa Signature card issuer, with a cut of around ~1% of all transactions on average[1], it would take around 100m
by StudentStuff 9y ago
Final probably wasn't pushing much volume as a Visa Signature card issuer, with a cut of around ~1% of all transactions on average[1], it would take around 100mil in processed transactions to net 1 million in revenue for Final. Visa may have also kicked them off due to having such low volume.
1 - https://usa.visa.com/dam/VCOM/download/merchants/Visa-USA-Interchange-Reimbursement-Fees-2015-April-18.pdf https://usa.visa.com/dam/VCOM/download/merchants/Visa-USA-In...