Mark Moss
👤 SpeakerAppearances Over Time
Podcast Appearances
10% to 20%.
Yeah.
Okay.
I'm going to go more in line with restaurants.
But are you getting a credit card with Visa or are you getting with Capital One?
So are we looking at the wrong number?
Because Visa's making the money for processing transactions, so their net profit's very high.
American Express is the card issuer, and so see how much lower their rate is.
14% to 20%.
So I think really we have to look at Capital One, not Visa, right?
Well, but Visa's making all the money from processing the transactions.
They don't have the cost overhead, the risk.
They're not making the slim margins on the spread.
So I think you'd have to go to the actual card issuer, like a Capital One.
That's giving the debt because they're the ones that are making the spread.
If you were to scroll back up a second where it said Amex, so let's see where it said Amex.
Yeah, but see what it says right there?
Amex also acts as a credit issuer and bears credit risk.
So MasterCard and Visa don't.
They're not issuers.