3 ms·
> And I suspect that you're right that 27% is too large a cut to survive. I don’t see that being killed soon. The 3% for payment processors is a lot higher tha
by Someone 3y ago
> And I suspect that you're right that 27% is too large a cut to survive.
I don’t see that being killed soon. The 3% for payment processors is a lot higher than the 0,2% or 0,3% limits for debet/credit card payments within the EU (https://eur-lex.europa.eu/EN/legal-content/summary/fees-for-card-based-payments.html https://eur-lex.europa.eu/EN/legal-content/summary/fees-for-..., and AFAIK no payment processor decided to leave the EU market because they couldn’t earn money anymore.
There also is ‘prior art’ for that 3%/27% split in the case of dating apps in the Netherlands, where the Dutch regulator declared that OK (https://techcrunch.com/2022/06/13/apple-dutch-dating-apps-payment-order-compliance https://techcrunch.com/2022/06/13/apple-dutch-dating-apps-pa...). AFAIK, there hasn’t been further action on that front.
- TillE 3y agoThat regulation seems completely irrelevant, PayPal charges much more than that in Europe.
- Someone 3y agoI don’t see how it’s irrelevant. The EU has said what they find reasonable for payment processing, and AFAIK nobody walked away, and Apple ‘gives’ more. Also, PayPal is more than a payment processor. It also is a broker (and, effectively, also a shop).