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Money and Finances
Reply to ""good" credit card customer"
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[quote=Anonymous]The interchange fees are complicated and vary by merchant type, if you do a card-present transaction or an online transaction etc, but basically the economics go something like this: Your credit card makes a few percentage points on every $ you spend. Out of that take the 1% you earn Then take out another bit for overhead, IT, managing your account, the cost of mailing you stuff Then take out the cost of fraud, people going delinquent etc They make a few bucks on you multiply by a few million customers tada, money.[/quote]
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