> And if you actually are spending, as you suggest, they make enough from the merchants who are eating the 3% transaction fee.
You mean, the customer eating the 3% fee? The merchant isn’t going to take the hit to their margins, the interchange fee is built into the price of what you are buying.
Many merchants take a hit to their margins, many dont. It doesnt really matter to the credit card company but what you said is useful to point out, my point was only that percent is going to the credit card company
You mean, the customer eating the 3% fee? The merchant isn’t going to take the hit to their margins, the interchange fee is built into the price of what you are buying.