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In this case, where does this money goes? Is it refunded to the people who bought the apps or is it litterally stolen by Apple?
by Namari 3y ago
In this case, where does this money goes? Is it refunded to the people who bought the apps or is it litterally stolen by Apple?
- _just7_ 3y agoHeld in deposit forever, ie until someone sues someone else or the money are forgotten
- VHRanger 3y agoThat goes to Apple then. The accounting liability gets erased after a few years and the asset stays on the books Like Starbucks gift cards that go unused.
- wahnfrieden 3y agoApple holds it
- brookst 3y agoFalse. Google “escheatment”
- djbusby 3y agohttps://www.sec.gov/fast-answers/answersescheat https://www.sec.gov/fast-answers/answersescheat
- fbdab103 3y agoI am not sure that applies if Apple is deliberately withholding the money. Presumably they are making some claims as to breaking of laws or violating a policy. Enscheatment is more about forgotten money. The developer is very aware of their lack of access.
- fbdab103 3y agoAmusingly/sadly(?), I believe even if the money is eventually returned or enscheated, Apple can collect interest/invest the money the entire time.