> you're talking .03% in fees. On a $1Mil investment that's $300 a year. i thoug... | Hacker News

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		y4mi on March 7, 2018 \| parent \| context \| favorite \| on: How Amazon Can Blow Up Asset Management > you're talking .03% in fees. On a $1Mil investment that's $300 a year. i thought vendor creditcard fees are 2-3%? that would come out at $20-30k for each $1Mil

ceejayoz on March 7, 2018 [–]

It’s not 2-3% at Amazon’s volume. Amazon also allows you to load up a gift card balance with a checking account.

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