[falcolas]

Apple takes 30%. So does Google. Kickstarter takes 5%. Many online stock trading firms take somewhere around 10-15%. That fairly well justifies the qualifier of "tiny" in today's world.

Given that the basic cost for processing credit cards and other such minutia is already around 2%, the benefit of not having to worry about chargebacks, fraud, or PCI compliance... worth that extra 3% IMO.

[IshKebab]

It's actually 5% plus payment processing costs. Plus payout costs.

[s0rce]

Which stock trading firms do you use? Most I've seen are 5-10$ per trade and small % for currency exchange transactions. Paying 10-15% for a stock trade could easily cost $10s of 1000 in commisions which is clearly not the case. Also for small trading Robinhood has free trades.

[nilved]

Nobody should be okay paying Apple or Google 30%. That is highway robbery.

[wongarsu]

They essentially have a monopoly on App sales on their respective platforms.

At least in Google's case, antitrust-lawsuits in Europe and Russia are slowly working on making it possible to create viable competition to Google's Play Store. Maybe we'll see prices fall in the next decade or so.

[chrshawkes]

Google takes more than 30% on YouTube earnings, it's actually 45%.

[wongarsu]

Pretty sure he was referring to the Google Play Store, where Google takes 30% of everything (including in-app payments)