Stripe’s fees are pretty high though so that is certainly one reason small businesses may avoid it. Sounds like Apple is adding more processors soon though so it will be interesting to see how the space places out.
A small business is low volume, hence going to have a hard time getting good rates. And they're also constrainted on resources, so the extra effort to get a few points off may cost more than those points (as written above – they're low volume. The cash value for a bp is much lower for them than for a high volume business)
No doubt, you can get ~2% processing and no flat fee even with low volume but what you get isn't as polished as Stripe and takes some more development work to integrate/use.
I imagine this is going to built on top of the existing Apple Pay infrastructure which means any payment provider that works with Apple Pay will probably (eventually) work with this. There are a good number of places that work with Apple Pay.
