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> If Cash App charged a fee to transfer money, Apple would claim their cut of that fee. They do, at least for rapid transfers to banks. It was perhaps not the
by nluken 4y ago
> If Cash App charged a fee to transfer money, Apple would claim their cut of that fee.
They do, at least for rapid transfers to banks. It was perhaps not the greatest analogy on my part since transfers within the app are free, but I fully understand what Apple is claiming here. You don't see them claiming Cash App's transfer fees, or bank fees, or other similar charges.
- lcnPylGDnU4H9OF 4y agoI should apologize since I misunderstood the fees being collected; they are the gas fees as presented in the Wallet app (I'd been thinking the separate app they release that includes the exchange trading, which has transaction fees). It's likely that the gas fees as presented by the Ethereum network are simply being passed along to the app user, which is definitely not the same as I'm suggesting. If Cash App charges their own fee (ie, it's not a bank fee that Cash App is passing along to the consumer) then I would actually expect Apple to want to claim their cut of that fee. At least, that would be consistent with how they've gone after this in, e.g., the Epic case. (Different type of in-app "purchase", but consistent considering who would be receiving the profit of the fee is the app developer.)