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Razor thin? You're terribly mistaken. They take 30% on iTunes and the App Store. Payments company take BASIS POINTS. If you can make 100 basis points, you'r
by steven2012 13y ago
Razor thin? You're terribly mistaken. They take 30% on iTunes and the App Store. Payments company take BASIS POINTS. If you can make 100 basis points, you're doing better than Square or Stripe, maybe even combined.
- ianhawes 12y agoI'm not mistaken at all. Outside analysis has suggested that iTunes & App Store aren't all that profitable at all[1][2] because they still have to meet the minimum transactions for processing credit & debit cards, which includes a flat fee of up to 25 cents. [1] http://www.quora.com/Payment-Processing/How-does-Apple-do-payments-so-well?share=1 http://www.quora.com/Payment-Processing/How-does-Apple-do-pa... [2] http://bits.blogs.nytimes.com/2008/08/11/steve-jobs-tries-to-downplay-the-itunes-stores-profit/ http://bits.blogs.nytimes.com/2008/08/11/steve-jobs-tries-to...