When your business runs transactions monthly on AWS or you personally have a card installed on Apple Pay, though, the difference between "top of wallet" and the next card is *gigantic*. Your "next card" isn't on the system charging you money and probably isn't on *you* either!
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@patio11 great thread as usual! I wonder if you have any go-to resources for learning more about this “unevenly distributed knowledge” in banking? -
A *surprisingly* underrated tactic is reading lots of bank annual and quarterly reports, particularly for banks which are relatively simple. (First Republic or Wintrust or Silvergate are good starting points; largish enough to have insight but relatively straightforward.)
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Sometimes knowing the right keywords to Google opens a new world.
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Secret just means you have to Google for the pdf https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-interchange-reimbursement-fees.pdf …
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Unroll please
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@patio11:@sinnet3000 I had weird hobbies prior to joining Stripe, too, and I could have done that math in… https://threadreaderapp.com/thread/1220597719292506114.html …. Share this if you think it's interesting.
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