They compete for the reward. BIG difference.
Try wiring $100,000 across the globe in 40 minutes for $32.
Now you are playing the Bill Clinton "It depends what is means" game. You can call it a fee, a reward, a cut, whatever, but NO PAY, NO PLAY.
“Try wiring $100,000 across the globe in 40 minutes for $32.”
Please.
I used my credit card numerous times while in New Zealand. It transferred money to merchants and services instantly and did so with no transaction costs.