Quote:
Originally Posted by Andrew H.
Apple doesn't charge the merchant anything to use Apple pay. The bank pays .15% of the transaction to Apple for Apple pay. This the difference between a card-not-present and card-present transaction - basically, the bank is accepting the card-present fee for use of Apple Pay, even though it is technically a card-not-present transaction.
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So the merchant is paying the "card not present" fee when the customer is standing in front of them (and they would, therefore, usually pay the "card present" fee, which is lower)?
Apple may not be charging the merchant, but the merchant service is, from the wounds of it. And if it's more expensive, it's more expensive, regardless of who gets it.