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"For each card processed, a developer will pay an average processing fee of around 2% to 3%" My understanding is that credit card processors, Stripe for exampl
by talkingtab 7y ago
"For each card processed, a developer will pay an average processing fee of around 2% to 3%"
My understanding is that credit card processors, Stripe for example, charge $0.30 + 2.9% of the transaction amount. So for an $0.99 purchase that is roughly 33 cents. On large purchases your statement is true, but in-app purchases average $0.99.
- patio11 7y agoThis is one reason why microtransactions are often aggregated by either pre-selling a pseudocurrency or credit or by having the seller essentially extend you credit and capture payment after several microtransactions have gone by. You can see this on iTunes and the App Store; if you buy a song, you are unlikely to get billed for the song immediately. Apple will quietly keep a tab open for a few hours (or days!) and then wrap all purchases into a single transaction, which is much more economic for them.