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Title: Apple earns 0.15% commission on every Apple Pay transaction Post by: HCK on September 13, 2014, 09:00:24 am Apple earns 0.15% commission on every Apple Pay transaction
It was reported prior to the launch of Apple Pay, the one-touch mobile payment system for iPhone and Apple Watch, that Apple would receive a portion of the fees collected by major financial institutions on every transaction. According to a new Financial Times report this afternoon, it’s true: a claimed 15 cents on every $100 purchase goes to the iPhone maker, according to two sources that are familiar with the private agreement. Continue reading <span class="meta-nav">→</span> (http://www.iphonehacks.com/2014/09/apple-earns-0-15-commission-every-apple-pay-transaction.html)<img src="http://feeds.feedburner.com/~r/iphonehacks/~4/aZs9KuJbEUQ" height="1" width="1"/> Source: Apple earns 0.15% commission on every Apple Pay transaction (http://feeds.iphonehacks.com/~r/iphonehacks/~3/aZs9KuJbEUQ/apple-earns-0-15-commission-every-apple-pay-transaction.html) |