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The numbers will determine your fate
(lemmy.world)
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this post was submitted on 15 Feb 2024
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True! Fed data corroborates this, and it appears the gap has only widened since.
(Image from 2022 CC profitability report)
So I was wrong. Thank you for the heads up. I’ll correct it shortly.
Interesting to see that this has only changed, fairly (last 3 - 6 years), recently and the profit from merchant vs interest fees has pretty much flipped!
I didn't know about the Fed data, so that to me feels like a good solid source as well.