News: Report: Apple gets 0.15 percent from each Apple Pay transactionEach transaction made with Apple Pay earns Apple 0.15 percent of the purchase, according to the Financial Times. This means that 15 cents of a $100 purchase would go to Apple, multiplying for higher-priced purchases. The article calls the deal “unprecedented,” noting that Google and other competitors do not earn such a share. Banking executives raved about Apple Pay — the banks are willing to give up revenue to Apple in “the hope…
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News: Report: Apple gets 0.15 percent from each Apple Pay transaction
