What Is Interchange?(blog.lithic.com) |
What Is Interchange?(blog.lithic.com) |
I remember looking at the flow of cash from putting $100 into a 401(k) (US employer retirement plan) to the money actually getting invested. That drawing took up two whiteboards and as a result a few percent never made it into the market.
* whilst Monzo is a UK bank, Visa/Mastercard still use the same EU domestic interchange rates in the UK post-Brexit, at least for now.
[0] https://en.wikipedia.org/wiki/Interchange_fee#European_Union