You'd be surprised how much of a transaction goes into fraud protection. But CC companies make more money from interest/late payments than they do transaction f

You'd be surprised how much of a transaction goes into fraud protection. But CC companies make more money from interest/late payments than they do transaction fees. They _used_ to make money primarily on transactions, but that has changed since in the 2000s a couple of mathematicians proved they can make way more by being predatory.