Final answer:
Credit card companies use various methods to make money, and the fairness of these methods depends on your perspective. Some argue that credit card companies provide valuable services to consumers, while others believe they charge excessive fees to merchants.
Step-by-step explanation:
Credit card companies make money through various means, and whether these ways are fair to consumers or merchants is a matter of perspective.
Cardholders: One argument in favor of credit card companies is that they provide valuable services in return for the fees and interest rates they charge to consumers. These services include convenience, protection against fraud, rewards programs, and the ability to build credit history.
Merchants: On the other hand, some argue that credit card companies charge excessive fees to merchants for processing transactions, which can cut into their profit margins. These fees can be seen as unfair by merchants.
Overall, the fairness of credit card companies' ways of making money depends on one's perspective and the specific situation.