ClickCease
MARKETS WORLD

Tinder will now accept payments via credit card after skipping the 30% cut on IAPs

Tinder will now accept payments via credit card after skipping the 30% cut on IAPs

After Netflix, Spotify and a few other key leading apps in vivid genre left Google and Apple’s in-app purchases protocol that takes a 30% cut everything a user makes a transaction on these apps, dating app Tinder has joined the wagon. Tinder is now one of the few uber-popular apps that no longer have in-app purchases within the Google Play Store and will have a different method to deal with the payments.

Until now, Tinder on Android smartphones requires users to make a payment via Google Account which has all the details and concludes payments without feeding in information related to credit or debit cards since all the information is fed onto the Google payment app.

Tinder has rolled out a new payment process under its “convenience, control, and choice” that will require users to enter payment details such as the credit or debit card information to make the payment. Note that this method will allow Tinder to save a hefty 30% cut that it has to pay Google Play Store in order to facilitate the payment. On the other hand, it could cause problems to the user as he/she has to feed the payment details everything he/she wants to make the payment.

This could also trigger security concerns as Tinder will be holding all the payment-related details which could be compromised. Furthermore, Tinder could prompt the user to enter the payment details every time he/she is making the payment. Get ready for the new payment mode to swing into action as it will replace the pay by Google mode available at the moment. Tinder is currently a part of Match Group on Google Play Store, unlike the Epic group where publisher Epic Games excluded all its apps from being displayed on Google Play Store.

Spotify filed an antitrust lawsuit against Google’s competitor Apple citing its monopolistic ways and how it charges a hefty 30% cut from all in-app purchases which goes down to 15% for repeat subscription. Google was also fined a whopping $5 billion towards antitrust lawsuit filed by the EU.

By reading our website you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook or chat. We do not advise any reader to take any specific action. Our releases are for informational and educational purposes only. Never invest purely based on our articles. Gains mentioned on our website, twitter, Facebook, and on our website may be based on EOD or intraday data. We may be compensated for the production, release, and awareness of this article. We will disclose any and all compensation on the article page. This publication and its owner never hold positions in the securities mentioned in our articles. Our information may contain Forward-Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site. The information in our disclaimers is subject to change at any time without notice. We are not held liable or responsible for the information in press releases issued by the companies discussed in these write-ups. Please do your own due diligence