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I think you don’t understand pricing power. Typical fees for processing a payment are 2% or less. Apple charges 30%.
by jqpabc123 1y ago
I think you don’t understand pricing power.
Typical fees for processing a payment are 2% or less.
Apple charges 30%.
- redczar 1y agoIf people are willing to pay $x for a product then you you don’t charge 30% less for it just because your costs have gone down. You should read up about pricing power.
- jqpabc123 1y agoIf people are willing to pay $x And if they are not? Charging less can expand the market and lead to increased sales at the expense of your competition. Avoiding Apples 30% cut gives vendors the opportunity to make their own decision.
- redczar 1y agoYou are naive if you think apps will go down in price more than a small amount as a result of this.