How Does VISA Make Money?
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- Опубліковано 1 сер 2018
- In this video you will learn exactly how VISA makes money. We will start by busting the myths about how VISA makes money. We will learn how the payment processing system works and what issuing and acquiring banks do. We will then put this together with VISA's 10-Q to fully understand where VISA's revenue comes from.
- Наука та технологія
For those wondering "what's in it for the merchant getting $2 less?" Well, the the dollar volume of the merchant is getting increases rapidly. The customer is paying on credit he took from a bank. So the credit risk is eliminated for the merchant. While in the past, the merchant would occasionally let cusomers buy after he tries to asses their credit worthiness, he held the risk of them not paying or not being able to pay. Also the cards made more customers available by elevating the need and fear of carrying cash everywhere.
What?? The Credit risk by taking Cash/Debit is exactely 0 for the merchant.
@@martymcfly5423 my thoughts exactly.
The previous comment explanation makes sense in a society that operates mainly on credit.
Why should the merchant accept this? I'm starting to think that the merchant has added this cost to the bill and isn't, in actuality losing anything. It's all been factored in. If the merchant is wise enought to factor this into their bills. Smokes and mirrors.
When you think about it, it's the person making the initial payment who is paying the entirety of these divided fees to the acquiring bank and issuing bank and ultimately VISA whenever they are making payments to a merchant.
So many steps. Just to eliminate cash and further milk the buyer.
@@martymcfly5423 But consumers want to use credit and pay off their credit card so they pay no interest so they can get all the benefits of a credit card - points, cashback, payment protections, etc. Credit cards are simply better than debit cards so Merchants have to make sure they can accept credit card payments
very well explained - thanks. also like how you give zero f's on the slide layout
Great Video! simplified and Concise we need more like this.
Brilliantly explained. The key is simple and easy methods to explain the not so complicated concepts.
Super thanks!!! Now it’s totally clear!
This is excellent, thanks.
Thanks, you are true genius.
Very helpful thank you!
Easy to understand. Thank you!
great video!!! thanks!
Thank you for the helpful video
Thank you for making this video, it's very helpful.
great explanation
amazing video, thanks.
Great!
Good explanation, but you should do the explanation with a example in the banks for a easier understanding
Hey awesome people! I want to learn more about online payment systems, are they any good books on the topic? I am interested in design principles and implementation details.
Thankyou and have a nice day
Awesome video! Who pays for the data processing fee? :)
Well I much prefer Mastercard/Visa over cash.
probably should have looked this up before investing in them
Jai
Crypto Blockchain = Public Ledger
Visa, MC, AMX, Discover = Private Ledger
Debit/Credit Card = Token runs on a Private Ledger
thanks bro, can I help you?
Yeah... Bitcoin cuts out that whole process.
But I’ll never use bitcoin it’s worthless
@@WeAllWeGot333 yeah … Blockchain is useless just like the Internet.
Patrick y’all believe in anything bitcoin will never take over it just will never happen it’s a phantom dream
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