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3 sats \ 6 replies \ @satoshisat OP 28 Jun 2022
As the title says: How does Moon make money?
It doesn't seem like they're charging any fees and they're not using a higher exchange rate. So what's the catch? How are they making money?
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0 sats \ 5 replies \ @jp 28 Jun 2022
Interchange feea
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0 sats \ 4 replies \ @satoshisat OP 28 Jun 2022
What interchange fees? Can you elaborate on what you mean? I see no fees anywhere. The BTC/USD conversion rate is the same as the spot price on exchanges.
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2 sats \ 3 replies \ @jp 28 Jun 2022
Interchange fees when the card is swiped at point-of-sale
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0 sats \ 1 reply \ @satoshisat OP 28 Jun 2022
Wouldn't that fee go to the VISA network, not Moon? Or does a small percentage go to Moon and the rest to VISA?
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5 sats \ 0 replies \ @jp 28 Jun 2022
Visa will share in the interchange fee to encourage you to sell their credit/debit cards (their competitors will do the same)
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0 sats \ 0 replies \ @kilianbuhn 28 Jun 2022
That's basically how Visa or Amex work as well.
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