While the first point has not been true since 2024, the second is a bit odd to me, since banks and credit card issuers have been collecting a percentage of sales from merchants since forever. My question is, why wouldn't this lawsuit apply to the oligopoly banks and credit providers hold on the traditional point of sale?
Again, it’s odd to me that this organization is going after Apple when they themselves are saying that these supposed hidden fees are being passed from banks to consumers. Shouldn’t they go after these banks, then? Why aren’t they suing Visa and MasterCard, when their business model is supposedly the same?
Because, again, they are not a monopoly.
"The lawsuit takes aim at Apple Pay, which they say has been the only contactless payment service available for iPhone users in Britain over the past decade."
Again, it’s disingenuous to claim that Apple is a monopoly, while ignoring the fact that two companies have dominated the entire card network market for decades. Also, there’s no such thing as a “monopoly” on payments in their own platform. If that were true, anyone could sue American Express, the payment network, for not offering Visa cards. Completely absurd.
Anyway, it’s quite clear to me that this lawsuit, if it was truthfully about damages to consumers, should have been directed towards banks and credit card issuers.
chrisjj•2w ago