US credit card banks
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jul 17, 2024 by Sebastian Siemiatkowski · across every show →
Everything said about US credit card banks, oldest first
Jul 17, 2024
Siemiatkowski: US banks earn $5.50 per $100 spent versus Klarna's $2.50
“So if you look at the total cost of payments in the U S and you look at both what the bank is earning, By interest on your revolving plus the merchant fees. It's actually a crazy. 5.5 dollars on a hundred dollar spend. And we earn less. We do about two and a h…”