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Apple charges the banks and credit card issuers a fee every time Apple Pay is used, rather than charging the company receiving the money.
by zarriak 12y ago
Apple charges the banks and credit card issuers a fee every time Apple Pay is used, rather than charging the company receiving the money.
- thinkling 12y agoHow do you know that Apple receives a fee for the transaction? I'd be curious to see a source.
- induscreep 12y agoYup exactly. What is the incentive here for the banks to allow Apple to tokenize CC numbers, AND pay Apple for it? Some kind of risk/liability reduction?