Evidence receipt / evaluation
Published · transcript-backedBen Gilbert: evaluation
27 Nov 2023 Acquired Visa
“I think part of the reason why debit cards were forced into existence was that consumers basically demanded it, where they were like, look, if I can pay with a card for this high value purchase, and I don't want to use credit, you're telling me that if I don't want credit, then I have to walk down the street, withdraw cash from my bank, and bring the cash.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 27 Nov 2023
- Publisher
- Acquired
- Episode
- Visa
Transcript context
…But for many, many years, they weren't, and they certainly weren't back in Dee's day. I think part of the reason why debit cards were forced into existence was that consumers basically demanded it, where they were like, look, if I can pay with a card for this high value purchase, and I don't want to use credit, you're telling me that if I don't want credit, then I have to walk down the street, withdraw cash from my bank, and bring the cash. Is there not something like a credit card but doesn't extend me a loan? In closing on the numbers today, this is the important number to know and one that may make you uncomfortable, but I'm curious how this lands for you, David. US merchants paid an estimated $93 billion in Visa and MasterCard credit card fees last year according to the Nielsen report and industry publication. That $93 billion was up from $33 billion in 2012. Wow, that's a lot more billions.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.