Balling
Premium Member
Registered: 7th Apr 04
Location: Denmark
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quote:
Originally posted by Dom
And how are Apple making money off this? Transaction fee?
They aren't. Not directly anyway.
They were pretty open in the keynote about not gathering anything at all, including purchase history.
As far as I can tell, it's simply a service intended to help push their products.
Same way they don't make money from people taking pictures with their iPhone or sending emails or anything else, really, short of buying digital content.
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Rob_Quads
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Registered: 29th Mar 01
Location: southampton
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From the reports coming out yesterday Apple will be collecting a fee from the banks for every transaction
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John
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Registered: 30th Jun 03
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In that regard, what's apples current market share in relation to all smart phones? Is it worth investing for the relative amount of people with brand new iPhones compared to all other phones?
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Balling
Premium Member
Registered: 7th Apr 04
Location: Denmark
User status: Offline
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quote:
Originally posted by Rob_Quads
From the reports coming out yesterday Apple will be collecting a fee from the banks for every transaction
Really? Either I misunderstood Tim Cook completely or he did his best to sound like this wasn't the case.
Banks won't be giving Apple anything without getting something as well. This means consumers will be covering the fee in some way.
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Russ
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Registered: 14th Mar 04
Location: Armchair
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mens lot of positives for android too, theres nowhere ner enough nfc adoption from retailers, will hopefully cause google to pull their finger out & do the same with wallet
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Rob_Quads
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Registered: 29th Mar 01
Location: southampton
User status: Offline
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quote:
Originally posted by Balling
quote:
Originally posted by Rob_Quads
From the reports coming out yesterday Apple will be collecting a fee from the banks for every transaction
Really? Either I misunderstood Tim Cook completely or he did his best to sound like this wasn't the case.
Banks won't be giving Apple anything without getting something as well. This means consumers will be covering the fee in some way.
I didn't think he said anything about the financials in the keynote (why would he). He did say that Apple would not get any details about the transaction like what it was, how much, where etc i.e. the privacy side of things
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Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
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All this talk of transaction fee's has me singing Muther Uckers
[Edited on 11-09-2014 by Jambo]
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evilrob
Premium Member
Registered: 16th Mar 12
Location: Your mum's house
User status: Offline
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quote:
Originally posted by Jambo
All this talk of transaction fee's has me singing Muther Uckers
Pop an Apple in your ass, soon sort that out.
(yes the capitalisation of the word, "apple" was deliberate)
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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quote:
Originally posted by Balling
Banks won't be giving Apple anything without getting something as well.
As Rob mentions, it seems there will be an Apple Pay fee with percentages of it going to card issuers/banks and Apple - was always going to be the case though.
quote:
Originally posted by Jambo
All this talk of transaction fee's has me singing Muther Uckers.
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