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> Visa does not make money from individual transactions. Instead, it earns revenues from the issuers and acquirers based upon the overall payment volumes and nu
by the_pwner224 5y ago
> Visa does not make money from individual transactions. Instead, it earns revenues from the issuers and acquirers based upon the overall payment volumes and number of transactions processed.
Which is effectively the same thing.
- alberth 5y agoBut it’s not. You’re assuming the card networks are even charging issuers, and issuers are funding these fees from the revenue they collect in interchange. They are not. It’s not uncommon for the card networks to not even charge issuers at all. The card networks need to win over the issuers to even issue cards for their network. It’s much easier to win an issuers business by not charging them any fees at all.