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by icehawk 811 days ago
I don't pay anything extra for using Apple Pay, as a customer, how could it be cheaper?
1 comments

If Apple is getting 0.15% as stated in a sibling, it's coming from somewhere. Maybe it's added on top of the fees the merchant pays, and like other payment fees gets kind of mixed into the price of everything you buy. Maybe it comes out of the fees your bank gets on purchases, which will reduce their income and then they'll need to increase fees, reduce benefits for depositors, or reduce dividends to investors.