3 ms·

BPS?

• e1g 12y ago
  In finance, 1 BPS is 1/100th of a percent. So Apple could be pocketing ~0.2% on all transactions. The US does about $12B in card transactions per day. This means that for every 1% of US transactions it captures, Apple could add ~$80M to the annual revenue which is a very small amount against its $140B revenue. Yes there are international markets, but still this is not done for profits by itself.
• arstudio 12y ago
  Definition of 'Basis Point - BPS' A unit that is equal to 1/100th of 1%
• gtremper 12y ago
  Basis points, or 1/100th of a percent http://en.wikipedia.org/wiki/Basis_point http://en.wikipedia.org/wiki/Basis_point