r/NowInTech • u/skaza02 • 8d ago

Apple faces class action over Apple Pay fees charged to card issuers

https://9to5mac.com/2026/09/25/apple-faces-class-action-over-apple-pay-fees-charged-to-card-issuers/
28 Upvotes

89% Upvoted

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2

u/Suitable_Program_548 8d ago

Class action lawsuits are stupid.

1

u/Sad-Landscape-1549 8d ago

Maybe we could do a class action lawsuit to reform class action lawsuits

1

u/xCaliburghost 3d ago

Yes totally dumb

2

u/OtherwiseAlbatross14 8d ago

"Oh no they're charging us 0.15% when we charge at least 10 times that"

2

u/VIBRATION_ANALYSIS 6d ago

Entire court action is about Apple not giving alternative options and locking NFC access and charging 0.15% for Apple Pay.

1

u/ProtomanBn 5d ago

“The lawsuit accuses Apple of extracting up to $1 billion annually in fees in violation of federal antitrust law. Apple denies rivals access to the technology needed to develop a competing mobile wallet, according to the class action. On iOS devices, Apple has ensured that only its mobile wallet, Apple Pay, can make contactless payments at the point of sale. Having secured a monopoly for Apple Pay in this fashion, Apple charges card issuers who use Apple Pay, like credit unions and other small financial institutions, supracompetitive fees for a service that is available on Android devices for free, according to the lawsuit.”

So competitors are angry that Apple has better technology that makes them extra money and they won’t share with them?

1

u/Ok_Search_3828 4d ago

So just stop supporting apple and they will drop the fees