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Is that chart leaked? Looks like just an outside estimate by Business Insider: http://articles.businessinsider.com/2012-03-06/research/31125966_1_credit-card-s

• josh2600 14y ago
  That's what I get for assuming blogs are correct. Thank you for posting the original article, I'll edit my post above to reflect this. Thanks!! Oops, too late to edit, guess my mistake has to rest in stone :/.
  • ryanwaggoner 14y ago
    No problem, I only found the original because I was googling around trying to find some interesting commentary on the "leak". In particular, why do transaction costs grow so much faster than revenue? That almost implies that they're going to be processing many more transactions at lower average cost per transaction, so they'll end up paying a higher percentage of the total in fees?
    • josh2600 14y ago
      My theory is that the additional distribution from their deals with Visa and Starbucks didn't come with the same business terms they're able to negotiate independently. One small biz negotiating with Square versus the gigantic morass that is Visa. Chances are Visa will have a more dominant negotiating position.