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Is this in-place-of or on-top-of the credit card transaction fees? A lot of in-app purchases are for less than $3. Doesn't Apple need to pay Visa a $0.35 trans
by onlyrealcuzzo 6y ago
Is this in-place-of or on-top-of the credit card transaction fees?
A lot of in-app purchases are for less than $3. Doesn't Apple need to pay Visa a $0.35 transaction fee, plus ~3% of the purchase price.
On a < $3 purchase, that's 15%+ already.
- drrotmos 6y agoIn-place-of
- deleted 6y ago[deleted]
- hboon 6y agoApple bundles purchases fit each account and don’t charges cards immediately so in practice, the average is much lower.
- mijamo 6y agoApple must have a better deal than that with Visa, big actors with have a much better deal than what you commonly see, with no fixed fee. I think they must pay less than 1. 5% transaction fee with no lower limit or fixed addition.
- username90 6y agoTransaction fees are just 0.3% in Europe since levying a 3% tax on every purchase is insane and hurts progress. You should probably go after those companies in USA as well. Basically in Europe it is illegal to levy an unreasonable tax for generic services like this. The same applies to Apple.
- onlyrealcuzzo 6y agoSo is Apple not allowed to take a 30% cut in Europe? How about Amazon for Kindle books? Are digital distributers allowed to charge 30%? Where does Europe draw this line?