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Comment by thallium205 | Hacker News Reader
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thallium205
·
You have to subtract interchange fees from that.
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codethief
·
To be fair, GP did say "revenue", not "profit".
smokefoot
·
Probably not actually treated as revenue. Those charges get netted out before they’re reported as revenue (interchange is a “contra” revenue line)
thallium205
·
Wells Fargo, as their acquiring bank, pulls the fees prior to remitting the funds to them.
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