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Joined 1 year ago
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Cake day: March 1st, 2024

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  • Correct, they are not owned (mostly) by banks, but the fees go to the bank and cc company for processing, so it’s relatively the same. Also noted that when you open an account you don’t have a choice of what company your debit/cc issued by the bank is. In the US & SA it was exclusively VISA (I’ve had one at one time or another since early 90s…fuck I’m old) and in the EU it’s Mastercard…I haven’t seen any other type issued…id love to see that change.

    I will also add some banks are just CC companies in the US- the junk mail kind that offer zero rates, etc.