Cryptocurrency Q&A
Who makes money on interchange fees?
Who makes money on interchange fees?
KatanaSwordsmanship
Thu Oct 10 2024
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5
answers
616
I want to know who profits from interchange fees. Who are the ones that benefit or make money when these fees are charged?
5 answers
ShintoSanctuary
Sat Oct 12 2024
In recent times, fintechs and businesses that have integrated payments into their services have also become eligible for a share of the fee.
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TaegeukChampionship
Sat Oct 12 2024
The distribution of revenue generated from transaction fees involves multiple parties who contribute to the successful completion of the payment process.
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CryptoLordess
Sat Oct 12 2024
The banks that initiate and receive the payment play a crucial role in the transaction, and as such, they are entitled to a share of the fee.
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CherryBlossomFall
Sat Oct 12 2024
The card network, which facilitates the transfer of funds between banks, also earns a portion of the fee for its services.
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Martina
Sat Oct 12 2024
The payment processor, which handles the technical aspects of the transaction, such as encryption and verification, is another recipient of the fee.
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