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I don't think a cap is the right solution. Better would be regulations, controls, etc to enable competition for marketplaces (at least for those of a certain si
by bogwog 4y ago
I don't think a cap is the right solution. Better would be regulations, controls, etc to enable competition for marketplaces (at least for those of a certain size)
Like on iOS, if there was actual competition for app stores, Apple would face pressure from a competitive market to reduce their commission percentage. Developers will not want to put their apps/games on Apple's store if they continue to charge outrages fees, and they have alternative, realistic distribution options.
However, I don't know what regulation would look like there. Even if Apple is forced to allow third-party stores, it could still end up like the browser wars, where one company manages to secure a monopoly anyways. If we can't even fix the browser situation, I don't have high hopes for the appstore market.
- ParksNet 4y agoMandating payment provider or store competition has no clear end result, with significantly more overhead for everyone. Countries around the world already regulate pricing on things like Credit Card transaction fees. This should be no different. In Australia for example: "Each scheme's average interchange fee, weighted by the value or volume of transactions in each interchange category, is required to be below a benchmark of 0.50 per cent for credit cards, and 8 cents for debit and prepaid cards." https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/q-and-a/#:~:text=Specifically%2C%20each%20scheme's%20average%20interchange,for%20debit%20and%20prepaid%20cards https://www.rba.gov.au/payments-and-infrastructure/review-of....