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You should know that a small portion of the 2-3% transaction fees goes to the card networks. Most goes to the card issuing bank. Now in fairness, the banks also
by rowls66 5y ago
You should know that a small portion of the 2-3% transaction fees goes to the card networks. Most goes to the card issuing bank. Now in fairness, the banks also cover the cost of some fraud, and payout generous rewards to their best customers.