One big credit-card company we work with does nearly 35 percent of its annual dollar volume and 20 percent of its total transactionvolume this time of year.
Debit cards have gained market share in aggregate transactionvolume at the expense of credit cards since they offer similar payment convenience and rewards benefits without the interest due on outstanding balances that is typical of credit cards.
And since there will never be more than 21 million Bitcoins in the world, the only way the Bitcoin network could accomodate a higher transactionvolume would be for each Bitcoin to be worth a lot of money.
Gartner projects staggering growth for mobile payments worldwide, as measured in terms of (i) users, and (ii) technology as measured by both transactionvolume and value.
While the interchange fee varies depending upon the volumeof the retail outlet, retailers still have to pay the banks approximately 2% of any credit card transaction, including tax.