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How does Envel make money?
How does Envel make money?
How do you make money when you have no hidden fees?
Diederik avatar
Written by Diederik
Updated over a week ago

Unlike traditional banks that may charge consumers lots of hidden fees, we make money from 'interchange.'

Every time you use your Envel debit card, Visa processes the transaction and charges an interchange fee for the service at the merchant (not you).

We get a percentage of that interchange fee, which means we never have to charge you those unnecessary fees to run our business. It's a win-win for everyone!

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