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Title: News: Report: Apple Pay fees hindering rollout in Australia Post by: HCK on August 17, 2015, 03:00:33 pm News: Report: Apple Pay fees hindering rollout in Australia
Australia’s largest banks are balking at Apple Pay’s fees and slowing down the rollout of the payment service in their country, The Sydney Morning Herald reports. Apple is reportedly demanding the same 15 cents on every $100 of transactions that the company is believed to receive from banks in the U.S., even though banks in Australia make half as much from interchange fees as compared to their U.S. counterparts. British banks struck a… Source: News: Report: Apple Pay fees hindering rollout in Australia (http://www.ilounge.com/index.php/news/comments/report-apple-pay-fees-hindering-rollout-in-australia) |