Apple has yet to reveal some of the finer details of their new payment service, Apple Pay. According to The Financial Times, Apple will make 0.15% of each purchase.
"They are also paying hard cash for the privilege of being involved: 15 cents of a $100 purchase will go to the iPhone maker, according to two people familiar with the terms of the agreement, which are not public. That is an unprecedented deal, giving Apple a share of the payments' economics that rivals such as Google do not get for their services."
- The Financial Times
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