S3E6: Capital One Case Interview Example
Strategy Simplified
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The Different Types of Revenue for a Business
We received 1% of the transaction fees from retailers. And on average, consumers in the US spend about $10,000 in purchases per credit card per year. So that's why the 1% is lower than what the merchant has to pay. If I take the number of credit cards, which is 440 million times 100, that would mean that we don't have to do that necessarily.
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