This article states that Apple is getting some pretty good deals on bank transaction fees with Pay. But it also says that both Best Buy and Walmart will NOT be accepting payments from the new Apple NFC service. I guess those places prefer less secure payment processes.
Apple Pay nets favorable transaction fees from banks, denied support from Walmart and Best Buy
Part of the concern stems from new out-of-network payment initiatives created by consortiums made up of powerful retailers, like the Merchant Customer Exchange, which counts Walmart and Best Buy as members. Not coincidentally, the two big-box stores on Thursday announced they will not be accepting Apple Pay.
"There are schemes that don't respect and honor the payment networks," said MasterCard's SVP for mobile product development James Anderson. "We want to invest in programs that respect our role in the ecosystem."
Apple Pay nets favorable transaction fees from banks, denied support from Walmart and Best Buy