Launch HN: Point (YC W19) – First Debit Card with Points

Re:Launch HN: Point (YC W19) – First Debit Card with Points by masonic on Friday March 15, 2019 @03:39PM (#19403419)

  rewards that are comparable to those of a credit card

But who pays for those rewards?

With a credit card, my rewards are a partial kickback of the fees charged to the merchant. Those aren't present in a debit transaction, which may have just a small per-transaction fee that doesn't vary with purchase amount.

Where does that money come from? Is the plan based on selling demographic or purchase history data to third parties?

[ Parent | on HN ]

Re:Launch HN: Point (YC W19) – First Debit Card with Points by patrickmro on Friday March 15, 2019 @06:27PM (#19404903)

We do a partial kick off of interchange fees as well, since we are partnered with a smaller bank this allows us to have a larger merchant fee.

[ Parent | on HN ]