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Failed to connect to MySQL: (1203) User howardkn already has more than 'max_user_connections' active connectionsPath: ...!Xl.tags.giganews.com!local-2.nntp.ord.giganews.com!news.giganews.com.POSTED!not-for-mail NNTP-Posting-Date: Thu, 16 May 2024 22:51:20 +0000 Subject: Re: Apple Pay From: danmin@danminart-dot-com.no-spam.invalid (Danart) Newsgroups: misc.news.internet.discuss Mime-Version: 1.0 Content-Type: text/plain; charset=ISO-8859-15 Content-Transfer-Encoding: 8bit User-Agent: newsSync 665455634 References: Message-ID: Date: Thu, 16 May 2024 22:51:20 +0000 Lines: 46 X-Usenet-Provider: http://www.giganews.com X-Trace: sv3-NMU9PENweA5ZAyT6bFEKtYFacUqwtp7UZvemF7j0tC3D7VzfV6MI5dJbUL0U8JDQxbMx1w/DFt+ExhD!zJatfvgOIPQyR6aW0cSh6RNbdxMv+uf3Y24PNsoysalF92UZKUwlo4j8czdVyV0nlIfqGSWjhgvO!/g== X-Complaints-To: abuse@giganews.com X-DMCA-Notifications: http://www.giganews.com/info/dmca.html X-Abuse-and-DMCA-Info: Please be sure to forward a copy of ALL headers X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly X-Postfilter: 1.3.40 Bytes: 2600 X-Original-Lines: 1 > JAB wrote: > Apple's Cut > > Apple collects a fee from banks each time consumers use the Apple Pay > payment solution to make a purchase. According to rumors, Apple has > struck individual deals with each bank it has partnered with, > including Chase, Bank of America, Wells Fargo, and more. > > Apple's cut is reportedly at approximately 0.15 percent of each > purchase, which equates to 15 cents out of each $100 purchase. > > https://www.macrumors.com/roundup/apple-pay/ Apple Pay requires an Apple ID. Which might require a phone call. ......................................... Paypal is individual base. You get charged fees ( as a seller ) because essentially it is a money-order. Which is how I was making my payments to online sellers in the past. Put that in perspective. This means at some point Apple is losing money. If Apple is charging various banks fees, this means the fee they charge is the bare-minimum to make that exchange ( Akin to a Money Order or Debit/Credit card ). Meaning they ( like Amazon ) are trying to blow ebay out of the water ( in this case Paypal ). If Paypal and other bs like Zelles dies then Apple will surely raise it's fees. Paypal and Honeybee app are both owned by Ebay. Ebay was sold by it's creator but I am not sure who actually owns it now outside of stock value. .............................................. Otherwise I do not really like associating with Apple Pay on that part This is a response to the post seen at: http://www.jlaforums.com/viewtopic.php?p=664940673#664940673