If Visa is the biggest credit card company out there I want to know how much they do in total transaction volume... anyone know
If they have over 5 billion in revenue and you figure that is 2% of the sale that must mean there amount of purchases that go through them is around a 1/4 trillion or more Thats a lot of money!!!
The reason I ask is if Visa is the biggest out there then they could be a good investment if they are skimming their fees of all these transactions. Too bad I don't have any $$$ to buy into them
Hey man, you have a centurion below your name you must have money
Below just find a article from the NY Times about Visa (quite old but still). That should answer your question:
Published: March 27, 2003
Visa International Inc. said today that its United States unit processed $989 billion in transactions in 2002, or 8.1 percent more than a year earlier, as more customers used debit cards.
The number of Visa credit, debit, commercial, prepaid and other cards rose to 386 million from 373 million as the company processed more than 14.4 billion transactions, John Abrams, a spokesman for the company, said.
The number of cards was 9.1 percent higher than the 13.2 billion transactions that Visa processed a year earlier, Mr. Abrams said.
The volume of Visa's check cards, or debit cards, rose 17.2 percent, to $380 billion, from $324 billion and now represents more than a third of the company's transaction volume, the company said. Visa's credit card volume rose 3.1 percent, to $609 billion, from $591 billion.
Source: Visa Transactions Up 8% - New York Times
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