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The problem is that they aren't offering the same service. The payment processor is not maintaining the ecosystem or doing anything outside of the relatively na
by hraedon 5y ago
The problem is that they aren't offering the same service. The payment processor is not maintaining the ecosystem or doing anything outside of the relatively narrow scope of accepting payments and maybe dealing with taxes.
Even if you think Apple's (and Google's, and Microsoft's, and so on) cut is too high, the idea that the entirety or even the bulk of the value that they offer is strictly in facilitating transactions is incorrect.
- tsimionescu 5y ago> The payment processor is not maintaining the ecosystem There is good historical precedent to believe that this "service" is approximately 0 in value: the Windows desktop market (in its heyday). People were making money selling software to consumers on Windows without Microsoft doing anything to "maintain the ecosystem" other then developing their OS. So, the approximate value of the service Apple offers to businesses except payment processing, taxes, etc, is 0, which is approximately how much Apple should be paid if someone is using Stripe instead of Apple for payment processing.