Date: Monday, September 15th, 2014, 11:54
Category: News, retail
Apple’s apparently got some admirable leverage where its transaction negotiations are concerned.
Per the mighty Financial Times, Apple will be garnering 15 cents on every US$100 purchase, more than Google managed for its Google Wallet initiative.
Sources familiar with Apple’s banking and credit card arrangements have stated that Apple will get a 0.15 percent cut of every Apple Pay transaction conducted over its NFC-based Apple Pay system.
The new information adds to a previous report that noted Apple will collect fees from banks for customer purchases. What those fees were, exactly, was unknown at the time.