Rumor: Apple holds 0.15 per cent of transaction value when paying Apple Pay




Apple gets suspected 0.15 percent of each payment via the recently introduced Apple Pay is made. This means that the business is 15 cents for every 100 euros being processed. Using the payment system Competitors like Google would get considerably less.

According to The Financial Times, which relies on unnamed sources, counting Apple a rate of 0.15 percent of each transaction using Apple Pay. The financial news site claims that Apple has thus stipulated than competitors like Google substantially better deal; who would get paid significantly less for transactions via its Wallet payment per transaction. However, it is unclear how much of the differences.

The negotiations for the rates have lasted more than a year, according to The Financial Times. These were conducted in secret, with many employees often did not know exactly when banks were working on the implementation where they worked. Many banks and credit card companies would have been favorably compared to Apple’s plans because it would not much affect their operations according to the sources.

Apple has with the introduction of Apple’s Pay, which coincided with the announcement of two new iPhones that can make use of the payment system announced that deals have been signed with several major credit card companies such as Mastercard and Visa. Big companies such as McDonalds and Starbucks will support Apple Pay.

Pay Apple is also in the Netherlands, although it is not yet clear when it is rolled out. The service works only on the iPhone 6 and iPhone 6 Plus; Payments are carried out by using a payment terminal via nfc contact and only the two new iPhones have support for the short-range technology.

Keynote: Apple Pay


In: A Technology & Gadgets Asked By: [20403 Red Star Level]

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