Reply to post: Re: Two important differences for Apple Pay

Apple's SNEAKY plan: COPY ANDROID. Hello iPhone 6, Watch

Mike Bell

Re: Two important differences for Apple Pay

Nor are they taking a cut from the transaction

The rumour is that Apple will be getting a small kick-back from each Apple Pay transaction. However, that will come out of the transaction fee levied at the retailer. And since Apple have negotiated lower transaction fees for Apple Pay, neither the consumer or retailer should pay any more.

Easy money for Apple.

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