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The original question:

How long until these companies start skipping payment processors like Visa and Mastercard?

Should that come to pass, the Apple card becomes...an Apple card.




I see. I guess it seems fundamental to me that a credit card would have these properties -- even though it's not necessary to actually fulfill the role of a credit card -- which is just to provide credit.

The two seem intertwined, even though they aren't. I just assumed Apple -- if they became a payment processor -- would still provide those protections.

If they didn't, which I see is maybe what the OP was alluding to, why would anyone use the card?




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