Thread

Banks and Credit Unions to Team Up Against Apple Pay Fees

127 points · 133 comments · Brajeshwar

havaloc · 1790442549 · 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. Brian_K_White · 1790457502 · focus · HN ↗
  "My short term convenience trumps all" is why everything sucks and we have far worse short and long term convenience and efficiency in everything. Thanks for that.
  I won't use $bank-wallet either but that's a seperate issue which is that the bank is not really any better than Apple or PayPal or anyone else. The only reason they "fight" Apple tax is because they want to do $bank tax.

Unofficial Hacker News client; not affiliated with Y Combinator.