Hacker News new | ask | show | jobs
by mootothemax 4013 days ago
"Amount over $2400-$2500 mark suddenly experiences a surge and it is almost 3.0% to 3.5%"

Did you read the rest of that comment?

"I can cite figures for Remittance industry only."

From Wikipedia:

"A remittance is a transfer of money by a foreign worker to an individual in his or her home country."

https://en.wikipedia.org/wiki/Remittance

Frankly, I'm kinda surprised that they're able to operate in that industry with credit cards at all, given how attractive it'll be to credit card fraudsters.

1 comments

And what is your point? The remittance industry is not a valid business?