News for hackers. Stuff that matters.

A comment on Sears's History Predicts Almost Everything Amazon's Doing. Parent comment

Re:Sears's History Predicts Almost Everything Amazon's Doing by jldugger on Monday September 25, 2017 @08:09PM (#15335187)
> It's like they didn't even want me as a customer if I was going to pay my bills every week.

I semi-suspect you know this, but if you pay in full every month, they don't get to bundle your debt up and sell it off as a security. Interchange fees are competitive enough that it's probably close to break even (and getting more so every year), but the securities are comparatively pretty sweet for the issuers.

[ Parent | on HN ]
Re:Sears's History Predicts Almost Everything Amazon's Doing by stevekemp on Tuesday September 26, 2017 @09:00AM (#15338196)
While you're probably correct its worth remembering that credit-card companies get their money from both sides:

* They earn money via the interest people way if they don't settle their bills in-full, and on-time.

* But they also take money for handling transactions at terminals, etc.

[ Parent | on HN ]