4 ms·
Ah, here's the real explanation! Interesting. I wonder how big the incentive is, and if anything changed to enable this. As for the incentive, I'd guess they g
by owenversteeg 6y ago
Ah, here's the real explanation! Interesting.
I wonder how big the incentive is, and if anything changed to enable this. As for the incentive, I'd guess they get transaction fees cut from some ~2.75% to 0.5%ish with their own card, and then some kind of additional cash (maybe $50-$300?) from the issuing bank for gaining a customer?
- spiznnx 6y agoI don't know why it's exploding, but it also appears poised to explode here in the US too. I recently got a recruiter in my inbox for a startup "Guild Credit" that makes loyalty CC cards easy to issue for small businesses. Not sure what has changed recently.