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The fees are for fraud prevention and sanctions compliance. That stuff costs real money.
by bklw 1y ago
The fees are for fraud prevention and sanctions compliance. That stuff costs real money.
- kennywinker 1y agoMaybe. But the 39 billion in profits visa made last year suggests they make a fair bit more than that stuff costs.
- JumpCrisscross 1y ago> fees are for fraud prevention and sanctions compliance Visa and Mastercard’s pre-tax income margins for the quarter ending on 30 June were 62% and 57% respectively [1][2]. That is $10bn a quarter in absent competition. [1] https://finance.yahoo.com/quote/V/financials/ https://finance.yahoo.com/quote/V/financials/ $6.33 on 10.2bn [2] https://finance.yahoo.com/quote/MA/financials/ https://finance.yahoo.com/quote/MA/financials/ 4.67 on 8.13bn
- deleted 1y ago[deleted]