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interchange

2 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 27, 2023 by Ben Gilbert · across every show →

Everything said about interchange, oldest first

Nov 27, 2023 neutral
Insight
Card issuers make most revenue from interest rather than interchange fees
“The money that card issuers make Only a minority of it is actually from the interchange. And keep in mind, the card issuers are the ones that make that 1.6%, the bulk of the transaction. Most of the money that card issuers make is from interest payments.”
Ben Gilbert Nov 27, 2023 ▶ 2:59:06 Visa (Audio) · Acquired
Nov 27, 2023 neutral
Assertion Supported
Industry average interchange rates have fallen to roughly 2.24%
“There's been downward pressure on interchange for a long time. I think industry average right now is down around 2.24, which is, you know, compelling considering we started at seven percent.”
Ben Gilbert Nov 27, 2023 ▶ 2:57:32 Visa (Audio) · Acquired
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