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People get annoyed by Apple doing this but Visa/Mastercard/Amex have been doing this literally for decades ...
by Ensorceled 6y ago
People get annoyed by Apple doing this but Visa/Mastercard/Amex have been doing this literally for decades ...
- deleted 6y ago[deleted]
- vezycash 6y agoThey take 30%? More like 3% or less.
- Ensorceled 6y agoNo, they block partners from telling about the fees. That’s the subject of this article.
- vezycash 6y agoUnderstood. When the gag order on 3-5% fee, it's business. But on 30%, it's mafia level extortion.
- jacquesm 6y agoIf VISA or MC or AMEX would charge 30% they'd be out of business instantly, on a typical purchase that's all of the profit margin. The only reason Apple gets away with it is because they are virtual goods. The thing you could compare it with is Telco's fees for using their billing mechanism for virtual purchases.
- Ensorceled 6y agoThis article is about Apple blocking Facebook from telling people about the fees, which is what Visa and MC have also been doing for decades.
- jacquesm 6y agoYes, but those fees are 1/10th of what Apple charges (or less).