That is just wrong. You can get CC agreements with only a percentage fee without any fixed fee per transaction if you need it and have the scale. And at Apple scale they are most likely under 1%.
Credit card fees are usually around 6% if you take everything into account and Apple likely managed to negotiate a discount. That still leaves 24% for Apple.
That is just wrong. You can get CC agreements with only a percentage fee without any fixed fee per transaction if you need it and have the scale. And at Apple scale they are most likely under 1%.
Credit card fees are usually around 6% if you take everything into account and Apple likely managed to negotiate a discount. That still leaves 24% for Apple.
Every CC over ever seen is a fixed cost + percent. The fixed cost is on the magnitude of 10 cents… that’s a lot when you’re only getting $0.99
How would you know when competition for payment fees is forbidden and you're not allowed to negotiate with competing payment platforms to lower cuts?