Let me guess, 30% goes to apple when you do that? | Hacker News

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lucioperca on Feb 8, 2022 | parent | context | favorite | on: Apple unveils contactless payments via Tap to Pay ...

Let me guess, 30% goes to apple when you do that?

paradite on Feb 8, 2022 [–]

The technical term for the cut is called Merchant Discount Rate (MDR). It's usually 1-3%.

https://www.investopedia.com/terms/m/merchant-discount-rate....

I'm not sure what's the exact revenue share model / contractual agreements between Apple and its partner payment platforms(Stripe, etc).

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