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Apple is welcome to charge 2.9% the way other payment processors do. That is reasonable. 30% is a protection racket.
by damnyou 6y ago
Apple is welcome to charge 2.9% the way other payment processors do. That is reasonable. 30% is a protection racket.
- valuearb 6y agoIf you actually believe running the App Store is the same as payment processing alone there is no discussion to be had with you.
- damnyou 6y agoWell, clearly, "value arb", given that Apple has no competition among iOS app stores.
- valuearb 6y agoVisa/MC don’t host and distribute petabytes of data for card holders. They don’t provide hundreds of store fronts with localized content and marketing. They don’t provide extensive developer kits and support anywhere on par with what Apple does. The payment processor argument means you really don’t have any clue to what Apple App Store services are or do.
- damnyou 6y agoIf Apple is so confident then it can allow alternative app stores and drop its monopoly enforced through technology.
- valuearb 6y agoNo one isn’t saying they don’t make high margins on their App Store revenues, just that comparing the App Store to a mere payment processor is ridiculous and indicative of not even understanding what it does.