09-10-2014, 03:05 AM
space-time wrote:
all credit cards take a comission, which drives prices up for all of us. We get some of this back in form of rewards, miles, points, etc.
From what I have seen in the keynote, ApplePay is on top of the credit cards, i.e. you still need an AMEX, a VISA or MC. Apple is not a bank. So do they add a comission on top of the Credit Card comission? will this drive prices up even further?
i would think that even if Apple did take a cut it would be negotiated from the CC companies taking a lower cut than they normally do.