Subj : Re: NFC - google pay & apple pay
To   : August Abolins
From : Jay Harris
Date : Fri Apr 26 2024 19:40:10

On Friday April 26 2024, August Abolins said the following...

 AA> That was my next guess. The retailer takes the hit. I better have a
 AA> closer look at my POS statements. There are already different rates
 AA> and charges for each variety of dB and cc cards.

I'd be interested to know if there's any extra cost to the retailer as well.

The amount that Google or Apple receives is paid out of the bank's portion of the interchange fee, at least from the articles I've read.  Whether the banks pass this fee on would be interesting to know.


Jay

.... What do you call a hacker with eight arms? An unlocktopus
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