Hello
I understand that card issuers (e.g. MasterCard) make money each time a debit card is used in a transaction.
My question, does Monzo also make any money on debit card transactions?
They do, not a lot of money on each transaction, we are talking pence rather than pounds.
3 Likes
Not only do they make a small percentage on each transaction, it costs them money when you use an ATM.
So from Monzo’s point of view, making five £10 card transactions is much better than one £50 withdrawal.
2 Likes
Don’t you mean that the other way around? If it costs Monzo money when using a ATM then surely they would prefer you to make one huge transaction, and not 5 little ones as you’ve just said.
they said 5 card transactions versus 1 withdrawal, i.e. 5 POS v 1 ATM
3 Likes
He changed it after my post.
1 Like
If he had changed it after your post, it would’ve had an orange pencil icon in the top right hand corner, like this
I accept that I could have made myself clearer, though 
3 Likes
I guess he didn’t change it after all. 
2 Likes