The anatomy of a card payment
Where your $5.00 coffee actually goes.
contactless
Customer taps
$5.00
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account_balance
Issuing bank
Interchange fee
−3 – 8¢
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hub
Card network
Scheme fee · Visa / Mastercard
<1¢
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sync_alt
Acquirer / processor
Processing margin
−2 – 5¢
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point_of_sale
And before any of this — a terminal rental of $30 – 80 a month, whether you take one payment or a thousand.