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Ask HN: Will Apple/Google/FB ever reduce the 30% fee off their payment gateways?
- Aqua_Geek 15y agoIf either of the two will, my money is on Google. Apple has too much control over the ecosystem - don't agree with the fees? What are your alternatives (besides not releasing for iOS or not charging)?
- kunle 15y agoAgreed re: fees. Probably Google will get the plot first.
- mrkmcknz 15y agoI don't think any of them will even consider doing so until one or the other has and is making noise.
- kunle 15y agoagree with this in principle, but I ask because if the fees come down enough, you massively expand what they can be used to pay for. I.E. no business that sells real goods (with a cost of goods sold attached, as opposed to software) will ever accept a payment gateway that takes 30% - most companies dont even have 30% margins. But if I could walk in a store and buy a shirt using iTunes on my phone . . . .
- seiji 15y agoIt's not a payment gateway. It's distribution and hosting, an update mechanism, one time purchase payments, in-app payments, reconciliation of all the payments, ...
- kunle 15y agoIt's all those things but at scale they are all a commodity; reducing the vig to ~Visa level means you can use your itunes like your visa/mastercard/amex, and think about that economy relative to apps?
- abraham 15y agoSome of Google's services are already at 5%. The Chrome Web Store for example: http://code.google.com/chrome/webstore/docs/money.html http://code.google.com/chrome/webstore/docs/money.html It wouldn't surprise me if at some point the Market and the Web Store merge and everything gets 5%.
- kunle 15y agoI think this has to be the way with things. The smart next step would be for chrome to have chrome payments/googlecheckout/androidmarketlogins built in so that payments across the web could just originate in the browser.