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by josephcsible 1453 days ago
> This whole system is financed through credit card transaction fees that are applied to the business owner's expenses during the transaction.

That's part of it, but isn't another big piece of it financed by interest payments from people who don't realize that you're supposed to pay off your entire balance every month?

1 comments

I am not an expert on this topic tbh, but here is a VOX video about the topic more.

https://youtu.be/ySH5SudRwak