Jordan: Consumers ultimately bear the costs of credit card fees
Jeff Jordan · a16z Podcast | Ecommerce and the Holiday Shopping Collision · Jan 2, 2019 · at 20:10
Jeff Jordan, General Partner at Andreessen Horowitz, analyzes who ultimately absorbs the transaction fees added by credit card companies and Apple Pay.
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“And, you know, and a lot of people thinks the merchants pay that. I believe the consumer pays that, you know, just because the merchants pass on the cost, you know, for their profit margins.”
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