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The majority of the fees go to the issuing bank (as the entity providing credit), not the card network.
by lmz 1y ago
The majority of the fees go to the issuing bank (as the entity providing credit), not the card network.
- AnthonyMouse 1y agoIt's the card network using their excessive leverage as a result of a lack of competition that allows the issuing bank to charge such high fees. Because if you accept Visa, you have to accept every Visa.