• zikzak025@lemmy.world
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      6 days ago

      They wanted to push people onto their shitty app. They wanted people to link their bank details directly to pay so they could farm all that juicy consumer data.

      • Taldan@lemmy.world
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        6 days ago

        Linking a bank isn’t about consumer data. It’s about cutting out all the parment fees

        Credit cards are expensive to accept. If you’re using an Amex through Apple Pay, it’s around 5% because of how many layers are taking a cut

        Walmart’s margins would about double without having to pay payment provider fees, which they don’t have to pay with direct withdrawal