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Pure rent? I don't love them, but providing a worldwide payments network is not free or trivial.
by ip26 8y ago
Pure rent? I don't love them, but providing a worldwide payments network is not free or trivial.
- yholio 8y agoI was talking about the rent part on top of the costs of those systems, nonetheless they are trivial compared to the revenues. If there was an international agreement on a single payment system with mandated interoperability, we could find out what those costs actually are in a competitive market, probably fractions of a cent per transaction.