4 ms·
Is apple supposed to take 30% of the transaction fee when I purchase investments in an online banking app?
by cmovq 4y ago
Is apple supposed to take 30% of the transaction fee when I purchase investments in an online banking app?
- ar_lan 4y agoI think this is a great question. Stocks and NFTs are largely the same in my eyes - but I can't imagine Fidelity even bothering with an iPhone app if they lost 30% of each transaction people make (unless it was solely on the fees - I'm not sure where Apple draws the lines). Also - does Apple take 30% from each Amazon purchase? I overwhelmingly just use the Amazon app for purchasing - I can't imagine the amount of money Apple makes from Amazon alone, if so.
- thehappypm 4y agoNo, physical goods are exempted.
- ar_lan 4y agoAh, that makes sense - why Kindle + Audible purchases have to be made on the web.
- cjensen 4y agoNo because investments are not digital goods. Just because something is not physical does not mean it is digital. For example, a right to mine iron is not a physical thing, nor is it a digital thing; instead it is a legal thing.
- foogazi 4y agoIt’s only for digital goods If Fidelity sold you app skins and customization features they’d have to pay