The slow death of interchange as a standalone growth engine
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Quick Summary
Interchange gets your foot in the door, but software, services, and recurring relationships keep it open. Interchange – the small fee collected on every card transaction – has been payments-first fintech’s easiest and most dependable source of revenue. Invisible to users, scalable at high volume, and seemingly recession‑resistant, it was the low‑hanging fruit of payments … Continue reading "The slow death of interchange as a standalone growth engine" The post The slow death of interchange as a standalone growth engine appeared first on Tearsheet.