4 ms·
So do retailers like paying the fees for other cards, or is the headline just apple bait?
by tedunangst 7y ago
So do retailers like paying the fees for other cards, or is the headline just apple bait?
- slg 7y agoThe article states that the fees are higher because it is designated an "elite" card. American Express cards also have a higher fee than the standard Visa or Mastercard and plenty of retailers complain about that or refuse to accept Amex.
- tedunangst 7y agoYeah, but unless I missed it, they didn't even claim the Apple card is a significant fraction of elite purchases. How is this any different from the "so popular they ran out of metal" sapphire card?
- dwild 7y ago> American Express cards also have a higher fee than the standard Visa or Mastercard and plenty of retailers complain about that or refuse to accept Amex. American Express isn't Visa or Mastercard, they are all on different payment network. I have no issue with them having different fees because they are different. The Apple Card is a Mastercard. Does Mastercard have different fees based on the type of card? I would certainly hate Mastercard more if that was the case.
- ceejayoz 7y ago> Does Mastercard have different fees based on the type of card? Visa and Mastercard both do. "Premium" cards with more rewards have higher interchange rates.
- oswamano 7y agoHonestly the headline feels like bait. Seems like it explicitly uses the apple card since that card is new and trendy.
- wavefunction 7y agoTime to check out the article and find out if you were right!