What does Apple Pay charge merchants per transaction?

Apple Pay charges issuing banks 0.15% of transaction value for US credit card transactions (taken from interchange, not an additional merchant fee). This is built into existing interchange; merchants pay standard interchange plus acquirer fee regardless of whether customer uses Apple Pay or tap-to-pay physically.

How does PayPal's fee structure differ from Apple Pay?

PayPal charges merchants 3.49% + USD 0.49 for card transactions (as of 2024) or 1.99% + USD 0.49 for PayPal balance/Venmo transactions. Unlike Apple Pay which adds no merchant fee above interchange, PayPal sets its own merchant fee encompassing all payment costs, explaining merchants' preference for card networks.

Digital Wallet Transaction Fee Share

Calculate the transaction economics for digital wallet providers showing the fee split between network, issuer, acquirer, and wallet provider for purchase, P2P, and bill pay transactions.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate the transaction economics for digital wallet providers showing the fee split between network, issuer, acquirer, and wallet provider for purchase, P2P, and bill pay transactions. Use the digital wallet fee result to inform your calculation.

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