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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. syvolt · · focus · HN ↗
      Or Apple Pay can just be like Google Wallet is on Android? The alternative is not multiple apps.
      1. add-sub-mul-div · · focus · HN ↗
        Another alternative (in the US, at least) is tapping a piece of plastic instead of your phone and not inviting any of the tech giants into your transactions at all. What an unforced error, to shovel more of your data at them needlessly.
        1. bdangubic · · focus · HN ↗
          yea, feels like tech giants do not have access to this already? they know where you are and what you do every second of every day, keeping away from ( while they know I was a target ) what was the amount on my receipt is really giving it to them :)
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