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> Which additional transactions do you wish Apple would take a 30% cut on? That's not what they said. Apple already handles payment processing via Apple Pay fo

> Which additional transactions do you wish Apple would take a 30% cut on? That's not what they said. Apple already handles payment processing via Apple Pay for real world goods (Amazon, Food delivery, Wish), and does not take a cut of the transaction. Some people see Apple controlling payments for many companies as monopolistic and overreaching, but some (like the parent poster and myself to a degree) see it as a safer alternative to having trust dozens of different companies.

akmarinov 6y ago
Apple takes 0.15% of every transaction that used Apple Pay, though- https://www.macrumors.com/2014/09/12/more-apple-pay-details/ https://www.macrumors.com/2014/09/12/more-apple-pay-details/ They haven’t developed it to not make money off of it.
- akjssdk 6y ago
  Doesn't every single payment provider do this though?
- threeseed 6y ago
  Mastercard, Visa etc all take a fee for transactions. There are serious costs involved in running an international payments system. But that's very different from a proper 30% style cut.
  - brummm 6y ago
    Apple pay uses the Visa and Mastercard network though. It's on top of the V/MC cut. Apple only adds that you can use your card on the phone. You end up using your credit card anyways.
    - sabellito 6y ago
      Exactly. Apple has none of the risk and somehow thinks it is appropriate to charge per transaction AND customer. Yes, they charge the companies who wish to integrate with apple pay a quarterly fee per card. Apple customers are footing this bill, of course, as vendors and banks aren't just going to lose money. Apple is way out of line, and apple customers would benefit from informing themselves.
  - akmarinov 6y ago
    They've made about $500 mil off of it in 2018 - https://9to5mac.com/2020/02/12/apple-pay-revenue/ https://9to5mac.com/2020/02/12/apple-pay-revenue/ Heading to a billion and beyond in the next couple of years.
    - deleted 6y ago
      [deleted]
linuxhansl 6y ago
Then can't they handle Epic's payments that way instead of - presumably - taking a 30% cut?
deleted 6y ago
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akmarinov 6y ago

Apple takes 0.15% of every transaction that used Apple Pay, though- https://www.macrumors.com/2014/09/12/more-apple-pay-details/ https://www.macrumors.com/2014/09/12/more-apple-pay-details/ They haven’t developed it to not make money off of it.

akjssdk 6y ago
Doesn't every single payment provider do this though?
threeseed 6y ago
Mastercard, Visa etc all take a fee for transactions. There are serious costs involved in running an international payments system. But that's very different from a proper 30% style cut.
- brummm 6y ago
  Apple pay uses the Visa and Mastercard network though. It's on top of the V/MC cut. Apple only adds that you can use your card on the phone. You end up using your credit card anyways.
  - sabellito 6y ago
    Exactly. Apple has none of the risk and somehow thinks it is appropriate to charge per transaction AND customer. Yes, they charge the companies who wish to integrate with apple pay a quarterly fee per card. Apple customers are footing this bill, of course, as vendors and banks aren't just going to lose money. Apple is way out of line, and apple customers would benefit from informing themselves.
- akmarinov 6y ago
  They've made about $500 mil off of it in 2018 - https://9to5mac.com/2020/02/12/apple-pay-revenue/ https://9to5mac.com/2020/02/12/apple-pay-revenue/ Heading to a billion and beyond in the next couple of years.
  - deleted 6y ago
    [deleted]

linuxhansl 6y ago

Then can't they handle Epic's payments that way instead of - presumably - taking a 30% cut?

deleted 6y ago

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