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Are you fucking retarded? Pretty sure this isnt why they charge outrageous interest rates, and if you dont like it, dont buy shit you dont have the money for.
CC companys charge whatever YOU as the customer let them charge, if everyone would just stop living their lives beyond their means, then credit card companys would have to try a lot harder.
They have high interest rates to make money, not to cover loses... maybe you should check into visa's/mastercard's profits, see what the IPO for VISA was like ad what it did... these companys make piles of money from retards who live their lives making minimum payments.
maybe you should check into visa/mastercard profits.
they make most of their money off of transaction fees. . . . . .they charge up to 2.5% or higher on each credit card transaction. This is why UBC and universities dont allow u to pay with credit cards anymore.
for example, if they charge the businesses 1% on each transaction. and that company does $100K in charges a day. The company is paying visa $1000 for allowing customers to pay with Visa for that day.
These % sound small, but on millions of dollars of transactions per day. . . . . thats why credit card companies make a killing.
maybe you should check into visa/mastercard profits.
they make most of their money off of transaction fees. . . . . .they charge up to 2.5% or higher on each credit card transaction. This is why UBC and universities dont allow u to pay with credit cards anymore.
for example, if they charge the businesses 1% on each transaction. and that company does $100K in charges a day. The company is paying visa $1000 for allowing customers to pay with Visa for that day.
These % sound small, but on millions of dollars of transactions per day. . . . . thats why credit card companies make a killing.
Maybe you missed in this thread where I said something along the lines of...
Quote:
Originally Posted by jasonturbo
CC companys make sooo much money, the companys allow customers to pay with CC`s pay the cc companys a % for every transaction, so imagine every time you use your visa to pay for anything... anywhere from 1-4% of the purchase value could be going to the cc company...
The videos are about money and everything revolves around money, one can say ignorance is bliss but when it comes around and bites your ass, its going to hurt.
Wrong, technically "financial institutions" give out enormous loans to weapon manufactures to create and profit from weapons. How do you think Hitler's Germany was able to mass produce its arsenal, owners of the central banks funded it to meet their agenda... they funded both sides of the war and the millions that died and die today are just statistics to them.
Lolol With regards to hitlers movemet in ww2 IBM developed primitive computational systems to efficiently quantify how many Jews are killed in concentration camps, why don't we steal IBM computers and blow up their offices? Posted via RS Mobile
Silly fool, the question in hand is about how Germany attained such wealth to make an industry of weapons manufacturing. Funny how the system has brain washed you and redirected your train of thought to what they want.
I dont blame you, I was never taught the following in class either. *note, persons with a short attention span will find this boring.
hey man i think u should go for it and report back on results. Maybe do some heroin and have unprotected sex with a hooker while ur at it as well. Let me know how it all goes.
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