Apple, Amazon, and Ford Contend With Payment Models
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
In the world of e-commerce, processing payments is never as simple as A to B. Who facilitates what, which credit cards or services are accepted, and what fees get extracted are all quarreling complications that underlie each and every online purchase. They also lead to feuds, breakups, makeups, and new relationships.
This weekend was no shortage of drama. Apple contended with dating apps who say it's taking obscene cuts of their business. Amazon ended a scuffle with Visa. And Ford found a new friend in Stripe.
Source Fool.com