I’m sure you’re right but I think Ben’s highlighted the key points - which aren’t the fees or interchange rates - if you’re trying to get a sense of when Monzo might be able to launch Apple Pay.
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The sooner the pre paid goes the better in my eyes. Will free up staff resources for them to concentrate on other things.
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Definitely, I was only pointing it out because other people raised concerns on cost. No way any bank in the UK is paying 15 basis points even on credit…
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Yes that article is an old one and is American, but the part I was referring to (Supporting 95% of their portfolio) is unlikely to have changed since then, and that stipulation will almost have certainly crossed the pond.
As far as Apple is concerned this makes real sense. once a bank supports Apple pay they get listed on this page:
Which might at first seem insignificant and trivial, but having your bank on there while a good percentage of customers can’t use the service will not just result in a banks customer service getting a battering, but also Apples customer service too.
Google Pay on the other hand clearly doesn’t have this rule, and instead just has a column for ‘unsupported cards’:
https://support.google.com/pay/answer/7351534
My guess here though is that this is because Google, unlike Apple, is unable to lock down NFC chips, and therefore Google Pay will certify any bank, no matter how many cards are supported by them, just because they are so desperate to avoid what Barclays has done on Android which is bypass Google Pay entirely and integrate mobile payments into their own app.
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Along with what @alexs said, it’s important to keep in mind Monzo support Google Pay (they have done since October 2017) and Google charge similar fees for Google Pay.
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Because is a PUBLIC forum for feedback. 
I’m confused by some of the messages I’m reading here,
If we use Google Pay… Are we losing Monzo money? Like, should I stop and use the card instead? :S
No one knows the exact commercial terms as they’re under NDA. They’re probably paying for it, though there are rumours Google doesn’t charge. However they’re pretty much certainly paying less than interchange so they don’t lose money they just probably make a tiny bit less than when you use the card. At least for me that’s offset by me using the card far more…
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This is a super interesting discussion, but can we take it to another topic re the laws and such if you wanna discuss 
Thanks! 
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Idk… Felt right to quote this… To bump it a bit…
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As Beth said
Still I guess it is a pleasant change from the usual grumbles about Apple Pay 
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So move the discussion. Move the posts, surely?
Where’s Alex when you need him? 
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Busy being shouted at in another thread
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Edit - It looks like that wasn’t a reply to a question about Apple Pay, they were talking about Android’s fingerprint lock feature..
Thread:
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Yeah, my mistake!
It just went like this and looked like part of the same thread 
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This is truly bizarre. Where’s it from?
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I’m completely lost.
That’s WhatsApp and Tim Cook, CEO of Apple.
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Gotcha!
Idea 7/10 (for the lulz)
Delivery 2/10
I’ll give it an E for effort.
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