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They will still take a 27% cut. People fully understand that any other store takes a cut. The gov takes another 21%. It's arrogant to think that consumers don'

They will still take a 27% cut. People fully understand that any other store takes a cut. The gov takes another 21%. It's arrogant to think that consumers don't understand. They understand once they've been told. Consumers aren't told that ATM transactions cost money. That a creditcard transaction costs the merchant even more money. etc. etc. etc.

ocdtrekkie 5y ago
> They will still take a 27% cut. This will probably change. We know governments find this cut abusive, and requiring third party payments was intended in a lot of cases to address this. Google and Apple playing cheeky 27% workarounds will not fly for long. If anything, these companies aggressively refusing to stop fleecing people is going to lead to much more draconian regulations that will turn them into regulated utilities.