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Yes, in someways it feels like if Visa claimed that it handles 99.99% of all online retailing and showing revenue numbers based on the entire retail sales trans
by jpao79 8y ago
Yes, in someways it feels like if Visa claimed that it handles 99.99% of all online retailing and showing revenue numbers based on the entire retail sales transaction and not just on the 1.5% processing fee.
To a certain extent, Amazon's retail presence is 68% Marketplace (from the article). Marketplace is really just a very high scale website plus very high scale order fulfillment which nets an analogous 6%-15% fee for listing, inventory storage and shipping/returns.