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submitted 2 years ago by _____WESTBROOK_____@alien.top to c/apple@hardware.watch

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[–] TheFluffiestFur@alien.top 1 points 2 years ago (1 children)

Eli5: Does Apple have a bank account that's set for payments/refunds for credit card holders?

Like, do they have a line of credit that creates new lines of credit beneath the main one whenever someone gets a new Apple Credit Card?

[–] timffn@alien.top 1 points 2 years ago

Goldman Sachs is the bank. They provide the lines of credit. Apple is the user interface.