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Apple Pay: do they take a comission? - Printable Version

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Re: Apple Pay: do they take a comission? - Racer X - 09-11-2014

And yes, a deal has already been struck.. http://www.cultofmac.com/294015/apple-cuts-big-break-banks-mobile-payments/

They cut a deal for the transactions being processed as "card present" vs a mail order type of transaction where the vendor never sees the physical card, which usually has a much higher fraud rate, and higher processing fee.