Apple Pay fees that don’t cost the consumer a dime at center of $2 billion lawsuit

A consumer advocate in the UK has filed a lawsuit arguing that Apple Pay’s take of standard interchange fees that the bank charges harmed 50 million people to the tune of $2 billion. The problem is, there doesn’t seem to be any consumer harm.

Apple Pay on an iPhone. The new suit alleges that fees Apple charges banks are unfairly passed on to consumers.

Apple has been sued before over allegedly profiting unfairly over high fees charged to card issuers. Then card issuers Visa and Mastercard have been sued alongside Apple Pay for high fees charged to merchants.

Now according to The Guardian, a UK finance campaigner is going after Apple Pay for how its ‘hidden’ charges affect consumers. James Daley has filed a complaint with the country’s Competition Appeal Tribunal (CAT), asking it to allow a class-action suit.

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