Australia's government said on Monday it would bring Apple Pay, Google Pay and other digital payment services under the same regulatory umbrella as credit cards and other payments as part of legislation set to be introduced to parliament this week.
  • kirklennon@kbin.social
    1·
    11 months ago

    Apple/Google Pay is an additional intermediary that allows you to pay for things on your devices using your credit card.

    They’re not involved in the actually processing of payments though.

    They charge fees over and above the credit cards

    The merchant pays the same; they charge the issuing bank a fee. The Australian government already fretted about that years ago but got over it.