| ▲ | AtlasBarfed 3 hours ago | |
They are taking a percentage point or two on the entire consumer payment system. I think there's plenty of money to back all the activity. Especially if there are central banks willing to back them | ||
| ▲ | loeg 3 hours ago | parent [-] | |
> They are taking a percentage point or two on the entire consumer payment system. Visa/MC make about 0.1-0.13% of each transaction, not a 1-2%. The rest of the interchange (the vast majority) goes to the issuing bank. | ||