- Joined
- May 18, 2014
- Messages
- 10
Chase has decided not to support the Amtrak Guest Rewards Card for Apple Pay. I use this card as my main card but am very disappointed with their decision. Amtrak should look to change to VISA or change from Chase
Chase is the entity which determines whether you receive a Visa or MasterCard, not Amtrak.Chase has decided not to support the Amtrak Guest Rewards Card for Apple Pay. I use this card as my main card but am very disappointed with their decision. Amtrak should look to change to VISA or change from Chase
One reason is that we'll have yet another middleman between buyer and seller taking yet another cut. Do people really think Apple Pay is a free service? Whether by merchant or bank the cost will eventually be passed along to the consumer.I agree that Chase should roll this out for all of their cards, there's no reason to hold back.
I may be wrong, but I read (somewhere) that Apple is getting 0.15% of each transaction. That's not 1.5%, but 0.0015% of the transaction. That could add up in a hurry.Do people really think Apple Pay is a free service? Whether by merchant or bank the cost will eventually be passed along to the consumer.
Actually, it comes out to the good, because Apple has negotiated cheaper processing rates because of the reduced risk of fraud brought by adding a biometric scanner into the process. Apple makes money off of pocketing the discount.One reason is that we'll have yet another middleman between buyer and seller taking yet another cut. Do people really think Apple Pay is a free service? Whether by merchant or bank the cost will eventually be passed along to the consumer.
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