wordpress blog stats
Connect with us

Hi, what are you looking for?

Apple now allows tipping for content creators but with 30% tax

Apple has modified its App Store policies and will now allow tipping for content publishers through in-app purchases, reports TechCrunch. The publication noted that this was instituted as a number of Chinese live-streaming apps like Yinke and Yizhibo allow content publishers to get tips via virtual currencies. Apps may add in-app purchase currencies for tipping purposes, but Apple will get 30% as commission. Note that streaming apps like Periscope and Facebook Live announced it started testing ad breaks that interrupt on-demand video as potential revenue for content creators. However, the companies keep 45% of the ad revenue and content creators get 55%. Last month, the Cupertino-headquartered company started cracking down on apps with unofficial tipping and showed that the tips were donations instead of purchases. Reportedly, Apple told several Chinese social networking apps, including WeChat, to disable their tip functions or risk being kicked off the App Store. However, some social-networking apps have likened Apple's tactic to arm-twisting, as reported by the Wall Street Journal. But Apple will look at it as another revenue stream. However, Mac Rumours reports that Chinese companies may approach the government for intervention. Meanwhile, developers will have to ask themselves whether they take a cut of the tips or pass the full 70% on to the content creators. Note that during the Q1 2017 call with analysts, CEO Tim Cook said the App Store continued to rake in a lot of revenue for Apple and app developers. “The quarterly increase in the number of paying accounts was the largest that we’ve ever…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Third-party cookies are small pieces of data that are collected by websites to track user activity. These are particularly lucrative to websites, as this...

Kotak Mahindra Bank Kotak Mahindra Bank

News

RBI noted that without a robust IT infrastructure and IT risk management framework, the bank’s Core Banking System (CBS) and its online and digital...

News

As opposed to Large Language Models, Small Language Models are best suited to perform simple tasks and can also be easily fine-tuned to meet...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ