WSJ News Exclusive | Apple Pay Fees Vex Credit-Card Issuers

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Apple has been muscling into consumer payments for years. Banks that once clamored to work with the tech giant are now irritated over the fees they are charged.

Banks rushed to work with the Apple Pay mobile wallet when it debuted in 2014. They have some regrets.

When Apple Pay launched, the tech giant got big banks including JPMorgan Chase & Co., Capital One Financial Corp. and Bank of America Corp. to agree to pay fees that would allow their cardholders to pay by iPhone. But some banks have grown unhappy with the costs, especially after Apple Inc.

 

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Deserted Apple store....

That's why I do old fashion banking I go to the ATM or use my bank card at stores I shop on person to feel and try products before I buy

Apple ... overcharging? Who'd have thunk it?

Too late no backsies

The worm in the Apple 🪱

Phú Hiền Nhi :) :D

good

Does anyone know how much % Apple charge per transaction. It is easy for us to use but someone pays? ApplePay

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