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If I use my normal VISA card at a retailer they pay an interchange fee right? If I create a physical card through stripe, and I use that card at a retailer doe
by praveenperera 8y ago
If I use my normal VISA card at a retailer they pay an interchange fee right?
If I create a physical card through stripe, and I use that card at a retailer does the retailer still pay a interchange fee? If so who does that go to? How does that system work?
- pbreit 8y agoNormal interchange would apply to the merchant but for debit cards it's pretty small. Interchange accrues to the issuer which in this case appears to be Stripe (and/or its issuing partner).
- pc86 8y agoWhy would the interchange fee be any different or get paid to anyone else in this instance?