You’re assuming the card networks are even charging issuers, and issuers are funding these fees from the revenue they collect in interchange. They are not.
It’s not uncommon for the card networks to not even charge issuers at all. The card networks need to win over the issuers to even issue cards for their network. It’s much easier to win an issuers business by not charging them any fees at all.
You’re assuming the card networks are even charging issuers, and issuers are funding these fees from the revenue they collect in interchange. They are not.
It’s not uncommon for the card networks to not even charge issuers at all. The card networks need to win over the issuers to even issue cards for their network. It’s much easier to win an issuers business by not charging them any fees at all.