How We Collude With Visa and Mastercard to Drive Up Prices — Seeking Alpha


Transactions fees are big business. Card companies make a fortune off of interchange fees. Interchange fees are the fees that banks charge businesses to process a transaction. These fees typically range from 1 to 3% of the cost of a purchase. The 3 biggest processing companies generated $35 billion dollars in revenue from transaction fees last year alone.

via How We Collude With Visa and Mastercard to Drive Up Prices — Seeking Alpha.

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