Re:Stripe and Apple Pay
by zarriak on Wednesday September 10, 2014 @09:24AM
(#8296406)
Apple charges the banks and credit card issuers a fee every time Apple Pay is used, rather than charging the company receiving the money.
[ Parent
| on HN ]
How do you know that Apple receives a fee for the transaction? I'd be curious to see a source.
Re:Stripe and Apple Pay
by induscreep on Wednesday September 10, 2014 @03:04PM
(#8298386)
Yup exactly. What is the incentive here for the banks to allow Apple to tokenize CC numbers, AND pay Apple for it? Some kind of risk/liability reduction?