Re:Stripe – Apple Pay
by spydertennis on Monday October 20, 2014 @02:48PM
(#8483792)
from the perspective of a retailer, how much does apple take in the apple pay scenario? is it 0.15% + standard credit card fees?
Apple worked it out with Visa/Mastercard they they get a cut of the interchange fees, so the retailer pays no extra fees from what they would normally pay.
Re:Stripe – Apple Pay
by matthewarkin on Monday October 20, 2014 @02:52PM
(#8483819)
The retailer would only pay the Stripe fee. If I understand correctly, Apple collects some fees from the bank (that they take from the interchange fee)
Re:Stripe – Apple Pay
by cristinacordova on Monday October 20, 2014 @02:58PM
(#8483852)
Cristina from Stripe here. The merchant/retailer only pays the Stripe fee (https://stripe.com/pricing) for Apple Pay transactions.
In think it more or less comes down to this: If you buy something you (potentially) use inside the app (an ebook, access to some server-side service you can use with the app, …) it’s an in-app purchase. If what you buy is something you use outside the app (a taxi, a pizza, all physical goods, …) you can use Apple Pay.
This differentiation has always existed. Until now Apple just didn’t offer any help with payment with the second category and you had to do it all on your own.