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by arfrank 4296 days ago
Looks like Apple's commission is ~15-25 BPS for participating banks

   The biggest “surprise” over last 2 months is that Apple has squeezed 15-25bps from the 5-6 participating banks at launch (C, BAC, COF, JPM, Amex and perhaps WFC).
http://blog.starpointllp.com/blog/?p=3855