Interchange
topic on 9 shows · 11 statements across 8 episodes · said 3 times in 3 episodes since 2021
Catalyst 2 
the Green Blueprint 1 
Acquired 
My First Million 
A Product Market Fit Show 
Sourcery 
Top Founders 
the a16z Podcast 
All-In
Mentions by year, every show
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Catalyst 2the Green Blueprint 1
2025 1 mention in 1 episode
2022 1 mention in 1 episode
2021 1 mention in 1 episode
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11 statements about Interchange, every show
Stripe and Square net just 0.1% to 0.5% per card transaction.
“At the very end of the day, they might keep, you know, it varies anywhere from like .1 to .5% is ultimately their net take, but the gross is much higher because they're collecting.”
Glyman: Card issuers keep most interchange because they absorb credit default risk
“And so the issuer in interchange is traditionally keeping most of that interchange. And the reasons actually makes sense when you think about it, you know, especially in credit, they're taking on the risk. They're saying that merchant, we will pay you know, ev…”
Majority of Brex revenue comes from interchange fees despite multiple products
“And so when you think about Brex and what we're doing, the majority of our revenue is through interchange, even though we have a number of other product lines.”
Brauer: Subscription pricing keeps youth fintech from nudging unnecessary card spending
“Subscription- Would allow us to do right by customers, meaning that if we're, if the parent is paying us a fee, we could continue to invest in the product, but that we never have to nudge and drive a child to spend more than they should to get more interchange…”
Khalaf: Merchants complaining about card interchange fees ignore massive ad tech costs
“So regarding the payment rails, I agree with Zach. It's a yes, but the but is bigger than the yes, because if you look at, ah, all the folks that are honestly complaining about the interchange. Okay, let's talk about it. These are the same people who are payin…”
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.”
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.”
Bean: The vast majority of Divvy's revenue comes from interchange fees
“Almost, almost all I would say majority of that is on interchange.”
Chamath: Fintech companies will eventually drive interchange costs to zero
“Well, I think more people do just because the technology companies that have come around, like, you know, stripe and others will eventually just try to take it to zero.”
Rampell: Eliminating credit card interchange fees would double Target's profit
“Target, big retailer in the US, has about a 1.5% net margin, so net income over revenue. If interchange went away, they would double their profit.”
Rampell: Capping Australian interchange fees eliminated rewards cards and increased fees
“Like, so, Australia has interchange at 49 and a half basis points by law, and now, I mean, and this is not me supporting Visa. It's more of, It's very peculiar that you have an industry where when prices go down, consumers can be worse off. In Australia, now t…”