Re: Apple Pay

 > JAB wrote:
 > Apple's Cut
 >
 > Apple collects a fee from banks each time consumers use the Apple
Pay
 > payment solution to make a purchase. According to rumors, Apple has
 > struck individual deals with each bank it has partnered with,
 > including Chase, Bank of America, Wells Fargo, and more.
 >
 > Apple's cut is reportedly at approximately 0.15 percent of each
 > purchase, which equates to 15 cents out of each $100 purchase.
 >
 > https://www.macrumors.com/roundup/apple-pay/

Apple Pay
requires an Apple ID. Which might require a phone call.

.........................................

Paypal is individual base.

You get charged fees ( as a seller ) because essentially it is a
money-order. Which is how I was making my payments to online sellers
in the past. Put that in perspective.

This means at some point Apple is losing money. If Apple is charging
various banks fees, this means the fee they charge is the bare-minimum
to make that exchange ( Akin to a Money Order or Debit/Credit card ).
Meaning they ( like Amazon ) are trying to blow ebay out of the water
( in this case Paypal ). If Paypal and other bs like Zelles dies then
Apple will surely raise it's fees.

Paypal and Honeybee app are both owned by Ebay. Ebay was sold by it's
creator but I am not sure who actually owns it now outside of stock
value.

..............................................


Otherwise I do not really like associating with Apple Pay on that part
 

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