4 ms·
When you think about the number of middlemen involved in a credit card transaction, 1) the credit card networks (i.e. Mastercard, visa, etc…), 2) the credit car
by throwawaycities 4y ago
When you think about the number of middlemen involved in a credit card transaction, 1) the credit card networks (i.e. Mastercard, visa, etc…), 2) the credit card company/issuer/bank (i.e. Bank of America, Wells Fargo, etc…), 3) credit card processor (i.e. fidelity, square, etc…)…is one more where we draw the line?
It’s really no wonder the average consumer needs to resort to financing their pizza with debt on account 3 middlemen have worked their way into the transaction, all of which are multi-billion dollar organizations that add no value aside from facilitating the very ridiculous debt driven system they created.