3 ms·
Interesting that the article mentioned one of their main revenue sources is planned to be debit cards. I use a credit card that I pay off monthly for all my pu
by zacharypinter 15y ago
Interesting that the article mentioned one of their main revenue sources is planned to be debit cards.
I use a credit card that I pay off monthly for all my purchases. I chose the credit card because it has the best rewards I could find (1.5% back for all purchases, anywhere VISA is accepted).
Would BankSimple not work with that model?
- r00fus 15y ago1.5% seems very nice. Who's your bank?
- zacharypinter 15y agoMy credit card is through Fidelity, here's the link: http://personal.fidelity.com/products/checking/content/investment_rewards_card.shtml http://personal.fidelity.com/products/checking/content/inves...
- oasisbob 15y agoWould BankSimple not work with that model? Debit cards are going to be a lot less profitable due to the Durbin amendment. There's still some money to be made if you can scale up, but it won't be nearly as lucrative. Interchange fees currently average out to $0.44 a transaction. Come this July, the interchange fees will be capped at a flat $0.12 if the FRB maintains their current draft rules.