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Apple Offers iPhone NFC Chip Access to Apple Pay Rivals in EU
(www.macrumors.com)
This is a most excellent place for technology news and articles.
The higher rates are passed on to the merchant to eat, just like any other payment processors.
But the merchant is in charge of what payments are accepted.
To the consumer, it will be no different. Apple will just be cut out as the useless middleman they are.