Apple Pay

[yids]

Anyone have any info on whats gonna happen with apple pay..?
Seems to me that if the rumors are true - .15%/transaction is very very low...
5000*.015=$75...

Would love a new way to liquidate GC...

[SearchGuy]

Will it let me swipe my GC with my phone?...

[@Yehuda]

Why would you need to swipe a GC? Just swipe a CC directly. Except, of course, that people doing that on Square got shut down. Perhaps if you're account only swipes your wife's CCs and vice versa, it'll work.

[AnonymousUser]

Why would you need to swipe a GC? Just swipe a CC directly.

Bonus categories.

[@Yehuda]

Bonus categories.

Ooo. Still don't have an Ink

[AnonymousUser]

Ooo. Still don't have an Ink

What are you waiting for?

[@Yehuda]

What are you waiting for?

Was denied 4 times this year Only recently have I realized how to better word my "business" but now I'm waiting for the SW end of year bonuses before going for any cards.

[avrumy22]

Anyone have any info on whats gonna happen with apple pay..?
Seems to me that if the rumors are true - .15%/transaction is very very low...
5000*.015=$75...

Would love a new way to liquidate GC...

Of course in the beginning they will have cut throat rates. However, once that period passes, they will raise their prices to Apple standards

[Shmulie]

Anyone have any info on whats gonna happen with apple pay..?
Seems to me that if the rumors are true - .15%/transaction is very very low...
5000*.015=$75...

Would love a new way to liquidate GC...

I dont think thats how its going to work I think apple just gets .15% of every transaction from the bank/cc which either means that the merchant fees will be higher or the banks will just take the extra hit

[shiframeir]

I dont think thats how its going to work I think apple just gets .15% of every transaction from the bank/cc which either means that the merchant fees will be higher or the banks will just take the extra hit

+108 I've reviewed lots of merchant credit card agreements and those prob won't change, apple will just get a .15 off top of transaction fees charged by cards against merchants. Alternatively, merchants signing on and getting the ad exposure as early adopters may pay the extra .15 over the credit card fees. But u won't be able to swipe your card on an iPhone for less than 2.7 prob.

[randymc2641]

.15% of $5000 is $7.50 not $75. It's really very very minimal per purchase but will be millions for Apple.

[eli.f]

Was denied 4 times this year Only recently have I realized how to better word my "business" but now I'm waiting for the SW end of year bonuses before going for any cards.

Why not apply within 90 days of the end of the year and then, if there's a bonus, ask for a match.