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from the perspective of a retailer, how much does apple take in the apple pay scenario? is it 0.15% + standard credit card fees?
by spydertennis 12y ago
from the perspective of a retailer, how much does apple take in the apple pay scenario? is it 0.15% + standard credit card fees?
- matthewarkin 12y agoThe retailer would only pay the Stripe fee. If I understand correctly, Apple collects some fees from the bank (that they take from the interchange fee)
- cristinacordova 12y agoCristina from Stripe here. The merchant/retailer only pays the Stripe fee (https://stripe.com/pricing https://stripe.com/pricing) for Apple Pay transactions.
- skilbjo 12y agoFrom the perspective of the retailer, the merchant is charged the standard Stripe fee (2.9% + $0.30).
- simonk 12y agoApple worked it out with Visa/Mastercard they they get a cut of the interchange fees, so the retailer pays no extra fees from what they would normally pay.