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Absurd. What next, they want a 30% cut from me when I set up automatic payments for my credit card through the banks iOS app?
by _aavaa_ 2y ago
Absurd. What next, they want a 30% cut from me when I set up automatic payments for my credit card through the banks iOS app?
- polotics 2y agoNo! They want 30% of your net worth each time you connect to your bank over the internet using an Apple device.
- add-sub-mul-div 2y agoYeah I can't understand why people think that inviting new middlemen into their transactions is acceptable. It's time to stop prostrating ourselves to these companies.
- macintux 2y agoIt's complicated. Apple has given me a simple way to manage many of my subscriptions, a single pane of glass, which I appreciate. I'm fine paying a little extra for that. It would be more valuable to me if Apple didn't charge too much, which turns away service providers.
- mjhagen 2y agoExactly, it's the percentage that's just too damn high.
- JumpCrisscross 2y ago> can't understand why people think that inviting new middlemen into their transactions is acceptable Same reason people use credit cards or Gmail or hell Patreon. It reduces the number of counterparties you have to deal with and trust.
- add-sub-mul-div 2y agoThat attitude made sense when Google was trustworthy, I guess.
- FredPret 2y agoIt's not a Google-specific attitude - it's the value proposition of all middlemen everywhere. Facilitation of transactions and assuming the risk. It's worth it to many. I gladly pay Apple the extra 30% or whatever because it adds up to <$10 per month for me and I don't have to jump through hoops to cancel subs.
- datavirtue 2y agoBecause the people who truly value freedom are outliers, seen as weirdos.
- Despegar 2y agoIt's fine for App Store developers to complain about their costs of doing business like any other business. I'm not sure what the point of bringing up nonsensical hypotheticals like bank payments is.
- talldayo 2y agoUntil 3 days ago, demanding a cut from sales generated over outbound hyperlinks was considered a nonsense hypothetical too.
- _aavaa_ 2y agoExcept this is a clear racket and not a regular cost of doing business. Imagine Microsoft tomorrow deciding to require 30% of even a fraction of things happing on windows. Imagine Apple trying to do this on the Mac. It's laughably anti-competitive and the only reason they're not doing it on the Mac is because it would expose the absurdity of the situation on iOS.
- wpm 2y agoThat, and Apple probably requires a shit load of third party utilities that do "naughty" things like read the file system or be "not sandboxed" in order to actually get any work done. They need the Mac to write APIs to charge people 30% on the App Store for the iPhone.
- tiborsaas 2y agoThink bigger, Apple Intelligence will now detect that you are ordering a new TV over the phone and they will want their cut.
- Hnrobert42 2y agoApple doesn't charge 30% for physical good sold through apps on ios.
- g15jv2dp 2y agoYet.
- chihuahua 2y agoYou use your bank's app? Guess what, Apple gets 30% of your account balance. Look at your 401k balance? Believe it or not, Apple owns 30% of that.
- josephcsible 2y agoThe point is that since they keep broadening what they do want 30% of, we expect the next thing they'll do is removing the exception for physical goods.
- milesskorpen 2y agoIt's always been 30% for virtual goods; definition hasn't broadened.
- deleted 2y ago[deleted]
- InsomniacL 2y agoThat's an interesting idea. What if, instead of 'subscribing' for $10, you purchase a grain of sand for $10. The grain of sand is available for collection from somewhere, doesn't matter where because nobody would bother to collect it. Your physical purchase comes with free access to digital content.
- kmeisthax 2y agoClose. They already get a % whenever you use Apple Pay. In fact, it's part of why the EU demanded Apple provide NFC APIs to allow third-party replacements of the built-in Wallet app.
- lotsofpulp 2y agohttps://paymentdepot.com/blog/apple-pay-fees-for-merchants/ https://paymentdepot.com/blog/apple-pay-fees-for-merchants/ >Q: What fees does Apple charge merchants for using Apple Pay? >Apple does not charge merchants any fees for accepting Apple Pay payments. However, merchants may still be subject to fees from their payment processor or bank. Remember, credit cards and debit cards are behind each Apple customer purchase. >Apple Pay fees are generally lower than traditional credit card processing. Credit card issuers charge small businesses substantially more. As such, many SMBs ask employees to encourage Apple Pay transactions. >Merchants, on the other hand, aren’t charged at all to use Apple Pay on physical and eCommerce transactions. Looks like Apple Pay is cheaper for everyone except banks: >Major banks such as Bank of America, JP Morgan Chase, and Capital One are unhappy with their cut from Apple. So much so that they’ve formally requested that Visa, “change the way that it processes certain Apple Pay transactions.” In other words, pay Apple less in transaction fees. This website has a better breakdown of costs under the "What are the fees" section, but no firm figures, and the only estimate is from 10 years ago: https://www.applemust.com/how-apple-pay-makes-money-merchant-transaction-fees/ https://www.applemust.com/how-apple-pay-makes-money-merchant...
- kmeisthax 2y agoOk, so that sounds like Apple muscled banks out of their swipe fees.
- fiatpandas 2y ago30% cut of digital sales top line revenue of every physical business you enter with your iPhone turned on.