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Banks basically break even on interchange after paying out awards and security costs and then the merchant acquirer + network get like .2% - 1% depending on the
by xadhominemx 6y ago
Banks basically break even on interchange after paying out awards and security costs and then the merchant acquirer + network get like .2% - 1% depending on the size of the merchant. V/M is one of the most benign duopolies out there.
- fl0wenol 6y agoI mean, if it wasn't I guarantee some fintech company would come out of the woodwork to disrupt it because the potential upside is huge once you scale.