S3 E3: The $1B Bootstrapped Business / A $250k Loophole / Where Your Credit Card Fees Go
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How Does the Interchange Fee Work?
We did say that the adoption for customers that got a card went up about 15%. So they were reordering 15% more. More free. Yeah, which makes sense. I was looking at one of my portfolio companies, Stripe accounts while you were talking about interchange and stuff. And basically they did a million dollars in revenue last month, give or take. But how does that work? Like the interchange fees go to capital one and like the Stripe fees go straight to Stripe. Is that how it works? You know, there's four main networks.
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