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by shivaas
3004 days ago
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The merchant pays anywhere from 1.6% to 3% of the transaction amount in fees to the payment processors/gateways. Part of this goes to Visa/MC and the issuing banks. Apple gets a cut from them and that's how they make money/break even. The Seller pays their card issuer directly or indirectly. You're not interacting with Apple pay support as Apple pay is not the one processing your payment - its simply storing your card securely and generating a payment token for the merchant when invoked. |
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