Build It. They'll Come. cover image

Bronte Capital co-founder & Investment Officer John Hempton on why he follows corporate fraudsters & short sells shares; and why he was right about Europe’s big stock fraud, Wirecard, but HOW he still lost money on it.

Build It. They'll Come.

CHAPTER

The High Stakes of Credit Card Processing

This chapter explores the distribution of credit card processing fees, focusing on the roles of card issuers and payment networks. It highlights the challenges faced by high-risk merchant acquirers, particularly through the example of Wirecard, while addressing the significant risks of fraudulent practices in unconventional sectors.

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