Quote:
Originally Posted by ecoli
With the amount they make on transaction fees alone, they shouldn't need to charge interest.
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Bank/issuer really only makes money on the interest.
Visa/MC/etc takes a percentage on each transaction, basically fixed
The acquirer (or processing company) negotiates the individual rates a store will pay for each type of transaction. Whatever Visa/MC doesn't take, they keep.
I've been trying to pay people in cash lately, just withdraw the amount before I go to pay, stick it to the credit card companies, haha.
Oh and on-topic - please buy my Talon that was linked
Or an Evo would be a good choice.