Re:EU says Apple’s App Store breaks competition rules after ...
by dhdhhdd on Friday April 30, 2021 @04:37PM
(#26998967)
And yet interchange rates in Europe are capped at around 0.2%. 2% is still a lot of money.
Re:EU says Apple’s App Store breaks competition rules after ...
by ocdtrekkie on Friday April 30, 2021 @06:50PM
(#27000534)
It does stack up, but if the cost was too high, many businesses wouldn't work with the credit processors. Amex is an example of this. There's payment options that avoid this retailers could incentivize.
And Apple and Google charge 15 times that because there's no way around them.
Additionally, a 2% fee is nearly inconsequential. If Mastercard and Visa demanded 30%, there would be literal riots.