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Old 10-29-2014, 07:33 AM   #78
Shane R
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Quote:
Originally Posted by Fbone View Post
The media is also reporting that Apple negotiated bank fees of 1.5% instead of their usual 2-3% because Apple Pay is designed to be more secure.
Important to note: Apple is paid by the CC companies, not the merchants. So unless you're paying a fee for your card already, no additional fees are being passed along to you. I heard it was <1%.
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