4 ms·
well that's because FB in is the "growth stage" for its payment platform. Its common for tech companies to provide a service at a discount or free to get tracti
by natchy 6y ago
well that's because FB in is the "growth stage" for its payment platform. Its common for tech companies to provide a service at a discount or free to get traction.
No doubt FB would be taking a large cut if it becomes the cash cow that the app store is.
- TAForObvReasons 6y agoIf it does become the cash cow, is 30% the norm? Or would it settle on something closer to 10% or 5%
- actuator 6y agoIt should come down to the credit card/PayPal range I think. So probably 2-3% as at economies of scale these are huge amounts. There are technologies like UPI of India which have a 0% charge but I don't understand who pays for maintaining the common infra and how do UPI apps like Whatsapp Payments/Google Pay earn money.
- natchy 6y agodepends if it has platform lock-in. They just launched the instagram shop a couple months ago. I could see that taking a 30% cut: https://business.instagram.com/blog/introducing-shops-on-instagram https://business.instagram.com/blog/introducing-shops-on-ins...
- rtlfe 6y agoIt's still better for FB to take a cut than for both FB and Apple to take cuts.