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Banks and Credit Unions to Team Up Against Apple Pay Fees

127 points · 133 comments · Brajeshwar

  1. havaloc · · focus · HN ↗
    I get why the banks are not happy, but I can tell them that I am not going to use Chase Wallet, Bank of America Wallet, Citi Wallet...just pay the fee and be thankful for the reduced payment friction, which they invariably make money from. PS: Nobody is going to use Paze (yet another half baked wallet), other than to collect the free $10 to sign up for it.

    Somewhat related, even Walmart relented and now supports Apple Pay/Contactless. Every big merchant has now relented (Kroger, Home Depot, Walmart).

    1. caycep · · focus · HN ↗
      granted i am a bit of schadenfreude at the thought of poor poor megabanks having to pay....fees...
      1. otterley · · focus · HN ↗
        Ultimately it comes out of their customers’ wallets.
        1. wasm777 · · focus · HN ↗

          [dead]

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