Reply to post: "Tidy" Payday?

Apple Pay is a tidy payday for Apple with 0.15% cut, sources say

David Kelly 2

"Tidy" Payday?

Credit card clearing houses skim an average of 2% off every transaction so out of $100 they take $2 off the top (merchant gets $98). Then out of that $2 for facilitating the transaction more securely Apple gets $0.15, and somehow Apple is the greedy bad guy?

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