That might be true if they weren't also the card issuer[0]. The main way they make money is on interchange, which for a card issuer is a kickback of up to 2% fr

That might be true if they weren't also the card issuer[0]. The main way they make money is on interchange, which for a card issuer is a kickback of up to 2% from Visa/Mastercard/etc [1]. [0] - https://techcrunch.com/2021/05/20/privacy-com-rebrands-to-lithic-raises-43m-for-virtual-payment-cards/ https://techcrunch.com/2021/05/20/privacy-com-rebrands-to-li... [1] - https://www.adyen.com/blog/interchange-fees-explained https://www.adyen.com/blog/interchange-fees-explained