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That diagram doesn't show how Visa/Mastercard make their money (unless they act as issuers or acquirers). Where is their cut?
by johnrob 12y ago
That diagram doesn't show how Visa/Mastercard make their money (unless they act as issuers or acquirers). Where is their cut?
- lsh123 12y agoRight. Both issuer and acquirer banks pay per-transaction and/or annual fees to Visa/MC to participate in the network. These deals are highly custom but it is roughly 0.1% of payment volume.