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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. shreddit · · focus · HN ↗
        There is already apple wallet where i can put any of my banking cards…
        1. fsckboy · · focus · HN ↗
          if apple wallet works on android and I have a choice, that's competititon

          if apple wallet requires apple phone, and google wallet require android phone, that not competition.

          competition is good. no competition should be regulated out of existence.

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