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Apple (AAPL) Could Get 15c on Every $100 Worth of Apple Pay Transactions

September 15, 2014 8:17 AM EDT

Apple (Nasdaq: AAPL) is set to make a nice chunk of change from its Apple Pay initiative.

The Financial Times reported over the weekend that Apple will get 15 cents from every $100 worth of transactions via Apple Pay. This is something that other companies, including Google (Nasdaq: GOOG), failed to negotiate with credit card companies.

Apple was working with banks and credit card companies for over a year on the project, with Apple said to strike fear into partners if they stepped out of line.

The full FT piece is here. Shares of Apple are positive early Monday.



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