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Isnt the majority of VISA transactions on credit cards, not debit? Those have rates in the 1-3% range, so even with the lower debit rates everything should ave
by ricardobeat 5y ago
Isnt the majority of VISA transactions on credit cards, not debit?
Those have rates in the 1-3% range, so even with the lower debit rates everything should average to more than 0.2%.
- rswail 5y agoThe end merchant pays 1-3%, then there are a whole bunch of middle-people that take a cut. The merchant acquirer (eg Stripe), the merchant bank, the issuer bank, the tokenization service (if using Apple/Google/Samsung Pay), there's a long list of people taking part of that fee. Visa as the network operator takes some of that cut as well, depending on the type of transaction, the type of card (debit vs credit vs "premium" credit). It's much more complicated than Visa getting all of the merchant fee.
- Youden 5y agoI don't know about Visa specifically but debit cards are about twice as popular than credit in the US [0]. As a non-American, though I don't have a source off the top of my head, I think that outside the US credit cards are even rarer. [0]: https://www.creditcards.com/credit-card-news/debit-card-statistics-1276/ https://www.creditcards.com/credit-card-news/debit-card-stat...