Apple cuts its App Store commission fee from 30% to 15% for small developers

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The reduced comission fee will see small developers keep 85% of the revenue their apps generate—up from the 70% they keep today. Christmas just came early for small developers who distribute their apps on Apple’s App Store. That’s because the iPhone giant has unexpectedly announced it will soon halve the commission fee it takes from some developers when they sell an app, or in-app purchase, on the App Store. The move comes with the announcement of a new App Store Small Business Program, which qualifying developers can join. Once accepted into the program, Apple will reduce the fees on digital purchases of their apps and IAPs from 30% to just 15%. That means those developers will soon take home 85% of all purchases received instead of the current 70%. Read Full Story

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EU: Apple’s App Store is in breach of European antitrust rules

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The breaches relate to Apple’s App Store policies requiring music streaming apps to use Apple’s proprietary in-app purchase (IAP) system. The European Commission has announced that has filed antitrust charges against Apple for breaching competition rules. The breaches in question relate to Apple’s App Store policies requiring music streaming apps to use Apple’s proprietary in-app purchase (IAP) system. The system is mandatory for apps that wish to sell IAPs, from which Apple takes a 30% cut. The EC also says Apple is violating “anti-steering provisions” by limiting the ability of apps distributed through the App Store to inform users of alternate ways they could sign up for a subscription. Read Full Story

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Apple points out that the App Store’s imitators copy its fee structure

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The company’s third-party study shows that Apple’s 30% commission set an industry standard. But it doesn’t answer bigger questions. Ahead of Tim Cook’s testimony next week at the Senate’s antitrust hearings , Apple has commissioned a third-party study about the fees charged by various marketplaces—from Apple’s own App Store and similar download services to used-car sellers to Sotheby’s. Its overriding conclusion is that Apple’s fee of 30% (cut to 15% for subscriptions after the first 12 months) is in line with that of many other intermediaries who help sell something and collect a fee in return. Read Full Story

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Now news publishers are piling on Apple over the company’s 30% App Store fees

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But other developers can and already are getting the same 15% fee waiver that Apple gives to Amazon. It’s been a very good month and a very bad month for Apple. The good: The company was the first (and so far, only) public company in history to hit a $2 trillion market cap . Not only that, Apple doubled its value from a $1 trillion company in only two years. Doubling your market cap in two years would be something any company would die for. Read Full Story

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Micro Startup Acquisition: The Definitive Guide to Buying and Selling Small Startups

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The problem with selling your startup is the long exit time. Sometimes it can take as long as seven years before you can sell your business and hop on the next idea. And the investors? They feel the same way. Who wants to wait almost a decade to buy a startup when the face of tech is evolving at such a rapid pace? Plus, the price tag on those more established businesses often run into the billions. That’s an expensive mistake if you make the wrong investment. The solution? Micro startup acquisitions. From Facebook to Microsoft, there is a massive trend to seek out tiny teams of five or less, buy them, and use the technology and talent to gain a competitive edge. In this guide, we’ll discuss the benefits of buying and selling a micro startup, the trends changing M&R strategy, and the top tools you can use to …

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Should You Add Buy Now, Pay Later Options to Your E-commerce Site?

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There have never been as many ways to pay online as there are today. Nor has it ever been more important to make sure you offer your consumers their preferred option. For some, that might be a long-trusted Visa or Mastercard. Others may prefer Apple Pay, PayPal, or another digital wallet. And, increasingly, consumers are choosing to use buy now, pay later solutions when they checkout. But what is this payment solution? And is it time you added buy now, pay later to your website? Read on to get my views on the topic. What is Buy now, Pay Later? The name says it all. “Buy now, pay later” literally lets consumers buy a product and have it delivered while delaying payment until a later date. This option is very similar to the old-school layaway method, in which stores let consumers reserve an item while paying it off in installments. …

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5 Resources to Build Your App Idea

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Considering building an app? You’re in good company. The mobile app industry is expected to be worth more than $407 billion (yes, with a B) by 2026. Meanwhile, the average person has more than 80 apps on their phone . That represents a ton of opportunities for app builders. However, if you think creating an app is an easy way to get rich, you are setting yourself up for failure. Building an app requires research, hard work, and a willingness to dive in and learn. Luckily, there are tons of resources to get you started—including this guide. Below, I’ll walk you through how to build out your app idea and then share five resources to help you launch your app. How to Build Out Your App Idea Like any business, creating an app requires laying the groundwork before launch. Here’s a five-step guide for getting ready to launch your app, …

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The Best Credit Card Processing Companies (In-Depth Review)

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Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission. There are many touchpoints along the customer journey. The transaction is of course one of the most important, if not the most important. So, the way in which you accept payments matters for both you and the customer. You need to have the right software and/or hardware in place to make sure transactions are simple and secure for both parties. Not only that, as a business owner you need to know that you’re not shelling out cash on inferior services or unnecessary additional fees. Therefore, this post will cover everything you need to know about choosing the right credit card processing company. Plus, I’ll introduce my top picks for a wide range of businesses of different sizes and with different needs. The Top 10 Credit Card Processing Companies Square …

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Best Ecommerce Website Builder

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Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission. Every great online store starts from the same place—with an ecommerce website builder. These tools make it easy for anyone to launch an ecommerce business by building a website from scratch. So if you’re interested in selling products or services on the web, you’ll need to find an ecommerce builder to create your online store. But as you’ll soon discover, ecommerce website builders come in all different shapes in sizes. Which one is the best? Continue below to view my buying guide and top recommendations. The Top 7 Options For Ecommerce Website Builders Shopify Wix BigCommerce Squarespace 3DCart Square Online WooCommerce How to Choose the Best Ecommerce Website Builder For You Before you start searching for different ecommerce site builders, you must understand how to evaluate these options. There …

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A Complete Guide to App Monetization

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You finally did it. You built your app idea , you refined the product, and now you’re ready to launch your mobile app . Hold on, if you’ve spent time and resources creating this app, don’t you want to earn something in return? App monetization is essential to the success of your mobile app. Whether you plan to charge for downloads or use subscription services to generate income, your app will never be profitable without a monetization strategy. There are many ways to monetize your app and even more tools to help you do it. Below, we’ll outline six app monetization strategies you can use to ensure your app’s success. Why Should You Have a Defined App Monetization Strategy? Consumers download more than 200 billion mobile apps per year and spend over $140 billion within those apps. Also, 90 percent of all mobile internet time is spent on apps. Therefore, …

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