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Again, issuer costs have no bearing on Merchant fees nor the profitability of processors. If this is true, then where does the cash back come from if not as a
by nitrogen 7y ago
Again, issuer costs have no bearing on Merchant fees nor the profitability of processors.
If this is true, then where does the cash back come from if not as a cut of the merchant fees?
- AdieuToLogic 7y ago> > Again, issuer costs have no bearing on Merchant fees nor the profitability of processors. > If this is true, then where does the cash back come from if not as a cut of the merchant fees? Interest rates + membership fees charged by issuers to Card Holders.
- rstupek 7y agoI don't think that is correct. Merchants are charged different rates based on the cash back rates of a given card. Merchants have to eat most of that cash back being given to the card holders.