How Does Juni Make Money

How do we make money?

Juni makes money via interchange fees

Interchange income is a transaction-based revenue that banks, like ours, receive each and (almost) every time you use your card to buy things.

Whenever you use a credit or debit card to buy something (ads etc), the place you have purchased from usually has to pay what’s called an interchange fee. Most of the interchange fee goes to your bank, and some goes to the seller’s bank. This interchange fee covers the cost of handling credit and debit transactions.

Interchange fee rates are set by credit card companies.

Remember Juni gives you back 1% cashback on all Juni card transactions!