2 sats \ 3 replies \ @jp 28 Jun 2022 \ parent \ on: How does Moon make money? bitcoin
Interchange fees when the card is swiped at point-of-sale
write
preview
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?
reply
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)
reply
0 sats \ 0 replies \ @kilianbuhn 28 Jun 2022
That's basically how Visa or Amex work as well.
reply