3 ms·

You have to subtract interchange fees from that.

• codethief 3y ago
  To be fair, GP did say "revenue", not "profit".
  • smokefoot 3y ago
    Probably not actually treated as revenue. Those charges get netted out before they’re reported as revenue (interchange is a “contra” revenue line)
  • thallium205 3y ago
    Wells Fargo, as their acquiring bank, pulls the fees prior to remitting the funds to them.