EP141: How to Ace System Design Interviews Like a Boss?
ByteByteGo
DECEMBER 7, 2024
Why is the credit card called “ the most profitable product in banks”? The acquiring bank sets a fee with the merchant, called the “ merchant discount fee.” The acquiring bank keeps $0.25 is paid to the issuing bank as the interchange fee. The cardholder pays the issuing bank for its services.
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