this post was submitted on 15 Feb 2024
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The numbers will determine your fate (lemmy.world)
submitted 9 months ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 9 months ago (1 children)

True! Fed data corroborates this, and it appears the gap has only widened since.

graph of transaction fee margin plummeting and interest shares skyrocketing

(Image from 2022 CC profitability report)

So I was wrong. Thank you for the heads up. I’ll correct it shortly.

[–] [email protected] 2 points 9 months ago* (last edited 9 months ago)

Interesting to see that this has only changed, fairly (last 3 - 6 years), recently and the profit from merchant vs interest fees has pretty much flipped!

I didn't know about the Fed data, so that to me feels like a good solid source as well.