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Visa would lose face if they charged the end user with transaction fees, so the merchant pays it instead. Then the merchant delegates the transaction fee to the
by GoblinSlayer 5y ago
Visa would lose face if they charged the end user with transaction fees, so the merchant pays it instead. Then the merchant delegates the transaction fee to the user, but thankfully nobody knows about that.
- chinathrow 5y agoI think you left out a few steps who's getting their fat cut (issuer of the card, aquirer, merchang provider etc) but not sure how it exactly goes down.
- GoblinSlayer 5y agoI suppose consumer to merchant payments are optimized and men in the middle can't get much, everything goes to Visa. Card to card transactions are less optimized and issuer might get a cut.