| ▲ | bklw 6 days ago | |
The fees are for fraud prevention and sanctions compliance. That stuff costs real money. | ||
| ▲ | JumpCrisscross 6 days ago | parent | next [-] | |
> 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/ $6.33 on 10.2bn [2] https://finance.yahoo.com/quote/MA/financials/ 4.67 on 8.13bn | ||
| ▲ | kennywinker 6 days ago | parent | prev | next [-] | |
Maybe. But the 39 billion in profits visa made last year suggests they make a fair bit more than that stuff costs. | ||
| ▲ | 6 days ago | parent | prev [-] | |
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