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Most of the money made by credit card companies is from the transaction fees paid by the merchant. Credit card companies would still be immensely profitable wit
by wh0knows 4y ago
Most of the money made by credit card companies is from the transaction fees paid by the merchant. Credit card companies would still be immensely profitable without receiving a cent of interest.
[Edit] This was my understanding but some fact checking on Google proved the majority of income is from interest payments.
- xur17 4y ago> This was my understanding but some fact checking on Google proved the majority of income is from interest payments. Yeah, the data I have seen says that 2/3 of the income comes from interest payments, 1/3 from tx fees.