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Old 04-17-2013, 03:20 PM  
tony286
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Join Date: Aug 2002
Location: atlanta
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Quote:
Originally Posted by Sly View Post
According to their website, they charge 15%. So 15% of ?100 a week is about $19 a week, multiply that by 52 weeks a year and that's not even $1000. Take out the actual costs of running that card and add the various labor that is required to run that business, they are probably not making any money on that account. In fact, they are most likely losing money due to the wasted resources.

Is anyone in this thread running their business at a loss? My guess would be no, or at least a hopeful no. Not sure why anyone would expect another company to run their business at a loss. I would move away from doing business with anyone that I know is running at a loss, they could shut down any day and I could lose whatever I have invested with them.
Im was talking about for KYC. KYC is for the movement of money. I dont think $100 a week was what they had in mind.
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