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Credit card companies make money from merchants who pay them a fee and from interest on credit card debt. There are likely additional revenue streams but those
by bern4444 4y ago
Credit card companies make money from merchants who pay them a fee and from interest on credit card debt. There are likely additional revenue streams but those are 2 prominent one.
- ninju 4y ago> Credit card companies make money from merchants who pay them a fee and from interest on credit card debt. Wrong on the second point. The issuing banks (Capital One, Chase, etc..) are the ones that collect the revenue from the interest/late fees on credit card debt. The credit card companies (Visa, MC, etc..) only make money from the transaction and settlement phases.
- bern4444 4y agoOh interesting, good to know.