Re:Venmo and Zelle May Not Be Free for Much Longer
by twelve40 on Friday August 02, 2024 @04:47AM
(#41137148)
> customers of the three largest lenders lost a total of $370 million via Zelle
this must be absolutely terrible for the banks, because this isn't even lost revenue, it's lost total payments volume of other people, which could in theory absolutely destroy and eclipse any actual revenue. I bet $370m is already a good chunk of revenue they make off these transfers.
this must be absolutely terrible for the banks, because this isn't even lost revenue, it's lost total payments volume of other people, which could in theory absolutely destroy and eclipse any actual revenue. I bet $370m is already a good chunk of revenue they make off these transfers.