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> customers end up paying in the end. Not in a transparent way, generally speaking. And at least in Canada you couldn't even (as a business) add a credit card

> customers end up paying in the end. Not in a transparent way, generally speaking. And at least in Canada you couldn't even (as a business) add a credit card surcharge to a purchase price. Now you can, so long as you're simultaneously complying with the legislation (https://www.canada.ca/en/financial-consumer-agency/services/merchants/credit-fees-merchant.html https://www.canada.ca/en/financial-consumer-agency/services/...) and your contract with your payment processor (e.g. https://www.visa.ca/content/dam/VCOM/regional/na/canada/Support/Documents/surcharging-faq-businesses-en.pdf https://www.visa.ca/content/dam/VCOM/regional/na/canada/Supp...). Apparently, too, merchants aren't actually charged for Apple Pay, it's the banks themselves that are. Merchants apparently pay the regular charge to their payment processor whether I use my Visa-through-Apple Pay or my Visa as a physical card. https://paymentdepot.com/blog/apple-pay-fees-for-merchants/ https://paymentdepot.com/blog/apple-pay-fees-for-merchants/ At any rate, Apple Pay is ridiculously convenient compared to anything my bank has ever come up with. The last time there was a Pay With Bank $X thing on a website that I tried, I ended up getting directed through some kind of Verified by Visa thing where they were asking for some kind of security code that I don't recall ever setting up. Or... I can double-tap the power button on my phone to verify a payment I'm making on my laptop. If the banks are unhappy about giving a cut to Apple, my recommendation to them would be: Suck Less.

stale2002 3y ago
> Not in a transparent way, generally speaking There are ways to get around that. For example, a bank could offer partial rewards for using their payment system, over Apple's. The effect would be the same as passing on the savings to the consumer.
- tonyarkles 3y ago
  Given the software that banks generally produce, it’d have to be a sufficiently good reward. If I’m buying a $10 sandwich at a deli counter, I’m going to double tap my power button and tap my phone on the debit machine. A $0.03 cash back isn’t worth the hassle to fish around to find my bank’s app, enter a secure password, and then enter a 2FA code. I had another comment elsewhere in this thread: want me to use the bank app instead of Apple Pay? Make the bank app suck less.

stale2002 3y ago

> Not in a transparent way, generally speaking There are ways to get around that. For example, a bank could offer partial rewards for using their payment system, over Apple's. The effect would be the same as passing on the savings to the consumer.

tonyarkles 3y ago
Given the software that banks generally produce, it’d have to be a sufficiently good reward. If I’m buying a $10 sandwich at a deli counter, I’m going to double tap my power button and tap my phone on the debit machine. A $0.03 cash back isn’t worth the hassle to fish around to find my bank’s app, enter a secure password, and then enter a 2FA code. I had another comment elsewhere in this thread: want me to use the bank app instead of Apple Pay? Make the bank app suck less.