How Visa and MasterCard make their money

Millions of people today own plastic cards and use them to purchase almost everything from household appliances to plane tickets. As convenient as they are, how do they actually work? Find out in this video. Enjoy!
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#CreditCards #DebitCards
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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.

[@kevkal]

I work at Worldpay, a global payments processor. This is some good research you've done

[@mansurZ01]

I think you got the math wrong with UK GDP. UK GDP was 2.622 trillion and 1 trillion is 38% of that!

[@FilmFanatics308]

You can earn more money working from home with just your phone or computer.

[@udhayshankarudhay]

I think he was about say Visa & Master card contributed 4% of UK gdp. Or may be he did the math wrong instead of 40% approx he said 4%

[@PauIieWalnuts]

Lots of bad math

[@meganathan98]

He cant read basic numbers LOL he literally read it out "two thousand six hundred and twenty two trillion dollars" 4:38 not realizing that is is >2 trillion< not >2 thousand trillion< hahaha that is why he said 1 trillion was 4% of the gdp ... he read the figures wrong. Sounds like a 4th grade mistake tbh, it's kind of embarassing he based his analysis on that kind of math

[@tyleroconnellt]

The video is most likely AI generated. With some bad mathematics added into the mix.

[@nolawalusimbi3599]

Who are thumbing down this free info? Some people don't know when to stop!!!

[@FilmFanatics308]

You can earn more money working from home with just your phone or computer.

[@raahulsoni1212]

Thank you brother so informative

[@jameslim3850]

If people wants to prevent America being very arrogant and stay humble, just STOP paying by VISA or MasterCard. Just use your own local digital currency system to make payments.

[@ADeeSHUPA]

あっぷ

[@mrcapitalist2285]

Repetitive background music is annoying and not needed!!

[@jtra3440]

You should make a video about blockchain and crypto

[@wastsapme6578]

*•w•h•a•t•s•a•p•p•m•e•*
*•+•1•7•0•8•3•0•3•2•8•6•3•*

[@leonarthakusumaeliasersale2805]

all banks around the world do deposit visa and Mastercard fees or the like that to companies through the bank's computer system automatic or still manual? 😫😵😅

[@matthewperez9962]

To take car of it

[@matthewperez9962]

Stories

[@PauIieWalnuts]

Your math is all screwed up.

[@fatathaqi6203]

Bonjero

[@newguy954]

There is no need for them here in India,we have universal payment interface or upi

[@wastsapme6578]

*•w•h•a•t•s•a•p•p•m•e•*
*•+•1•7•0•8•3•0•3•2•8•6•3•*

[@Mj99c]

ATTENTION: Stopped watching the video at 4.40, and he mentioned a piece of wrong information about the UK's GDP in 2017. He says UK's GDP in 2017 was two thousand six hundred and twenty-two trillion. And which is impossible even in a dream. Correct info would be two point six eight three trillion (2.683 trillion USD in 2017), not two thousand...... Not sure if any other info is wrong. Please, don't believe everything watches on the internet.