Should all businesses be capping their fees to their costs?
If so, then that implies no profit. If no profit, why bother?
If so, then that implies no profit. If no profit, why bother?
What's changed here is that Apple has now set a number to the "payment processing" portion of their fee. This gives them a way to cave on alternative payments while still retaining the bulk of their profits.
No, they're providing a service and charging for it, just like anyone else.
The issue in question isn't whether Apple should be allowed to profit, it's whether they should be allowed to abuse their effective monopoly position to set their commission a literal order of magnitude higher than any other processor.
The argument over alternative payment methods has always struck me as odd for precisely this reason--throughout the Epic case Apple has made it clear that if they allowed alternative payment methods they would still charge the 30% fee for the other services.
Is 30% (or 27%) too steep for what the App Store provides? Probably. But fighting over the 30% as a payment processing fee is a huge misstep, because regulators will always take Apple's side on that question.
No, the poster isn’t implying that all businesses should be capping their fees. That’s absurd. However, Apple is not all businesses and regulation is structured in a way that has a number of conditions. I for one am glad that the department of insurance makes my car insurance affordable and that when I purchase water it’s not from a private equity firm.
That’s literally what they said
>> "Well, you said the costs of payment processing is 3%, that's what we'll cap your commission at".