# Payments Financial Models

Canonical: https://finamodel.com/sectors/payments

More payment volume does not produce the same earnings for every payments business. Networks earn transaction fees, processors absorb service costs, and card issuers must also fund lending and cover defaults. Rewards and customer incentives further reduce how much of each payment is retained.

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- [American Express](https://finamodel.com/companies/american-express)
- [Visa](https://finamodel.com/companies/visa)
- [PayPal](https://finamodel.com/companies/paypal)
- [Mastercard](https://finamodel.com/companies/mastercard)
- [Block](https://finamodel.com/companies/block)
- [Fiserv](https://finamodel.com/companies/fiserv)
- [Global Payments](https://finamodel.com/companies/global-payments)
- [Corpay](https://finamodel.com/companies/corpay)