Hey everyone, today we’re going to talk about an interesting topic which you should know if you do shopping online. In this article, we’ll cover how the banks earn by providing us with discounts and cashback. So without any further due, let’s get started! Whenever we open the page of any product listed on an e-commerce website, there are many discounts. To give an example, Discounts such as 10% cashback/instant-on SBI credit card up to 1500-2000 and maybe more. Do you know: the banks earn their major part of the revenue from giving loans with high interest. While the same banks pay very little interest to their customer for their deposited money. This difference makes a major part of revenue for banks Attracting users towards Online Payment The e-commerce sites avoid the COD (Cash on Delivery) payment method as much as they can. This is because the transaction charges paid online were very less compared to COD. Because, when we pay the amount to the delivery person, they deposit ...