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It pulls from your Google Wallet balance, which can be funded when friends send you money, or you can load money on to it using a bank account or credit/debit c
by macleanjr 13y ago
It pulls from your Google Wallet balance, which can be funded when friends send you money, or you can load money on to it using a bank account or credit/debit card (2.9% fee applies)
- fat0wl 13y agoo my lord. discover card gives you 1% BACK!
- aiiane 13y agoBecause Discover makes far more than that on people who owe them credit and don't pay it off immediately, so it's in their interest to get more people to owe them credit in hopes that they'll keep a running balance.
- statusgraph 13y agoCredit cards charge merchants for their loyalty programs. They do make money from carried balances, but that's not how reward programs are funded.
- aiiane 13y agoRegardless, the point is that credit cards make money off of each transaction, even if the consumer doesn't see a per-transaction fee.
- dragonwriter 13y ago> discover card gives you 1% BACK! Yeah, the fees credit cards charge merchants (in part, to fund reward programs) is why Google has to charge you money to transfer funds into Wallet from other credit cards (otherwise, they'd be losing money when your money goes from a CC into Wallet and out to pay for something.) Note that there is no fee when the source is not a credit card.