12 ms·
I actually did credit card arbitrage in one of my first startups. We discovered a niche market where online credit card transactions were charged exorbitant rat
by jarnold 15y ago
I actually did credit card arbitrage in one of my first startups. We discovered a niche market where online credit card transactions were charged exorbitant rates for low-volume, non-swipe monthly subscriptions. By taking on the risk ourselves we aggregated many smaller sites, and was able to become a merchant bank ourselves.
That's arbitrage to me.
- feral 15y agoYeah, but that's not arbitrage, either, right? Like, you took on a risk, and you got compensated for the risk. You essentially issued insurance. Perhaps you were lucky that you didn't have to pay out. But that doesn't mean you found an arbitrage.