Who Actually Gets Paid When You Swipe?
0:36
YouTubeEveryday Money Explained
Who Actually Gets Paid When You Swipe?
You swipe $100 → Merchant pays ~$2.36 in fees. Here’s exactly where that money goes: → $1.80–$2.00 to your bank → ~$0.13 to Visa or Mastercard → Rest to the processor Even if you pay your card in full the next day (zero interest), the bank still gets paid. This is how credit cards really make money. Part 2 of “Where Credit Card ...
1.2K views1 month ago
Interchange Fee Explained
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Interchange++ (IC++) fees explained in one minute | emerchantpay
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