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The modern marvel that are credit cards or debit cards run at low single digit percentages. And they are getting a ton of margin out of those; so much that in t
by stefan_ 8y ago
The modern marvel that are credit cards or debit cards run at low single digit percentages. And they are getting a ton of margin out of those; so much that in the EU, they capped fees at 0.3%.
And those transaction fees actually pay for something, like customer protection, SLAs (not a shitty status site) and no, the credit card company doesn't add unskippable ads on top of the checkout process or advertise a scam clone version of what you are trying to buy to you.
You tell me if the app store fees provide 100x as much.
- toasterlovin 8y agoIn your analogy, the App Store is the store, not the credit card terminal. As somebody who sells on Amazon, I can tell you that they take more than 30% of what the customer pays.