The latest update to Facebook’s content creator platform will let creators earn money while bypassing Apple’s 30 percent cut of all transactions. With the update, Facebook will now offer an in-app link that sends users to a website to complete the subscription. If Facebook is successful with this attempt, it could effectively bypass the upfront cut that Apple takes from all App Store transactions.
Facebook originally introduced subscriptions to the platform in 2020. This allows fans to directly support content creators with monthly payments. The system works like those on sites like Twitch or YouTube. Fans sign up for a subscription and each month that money goes to the creators. Facebook doesn’t plan to take any fees from creators until 2023, at the earliest. However, Apple and Google still take their cut from any purchases made in applications downloaded from their respective stores.
The post Facebook might’ve found a loophole to bypass Apple’s 30% App Store fee appeared first on BGR.
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Facebook might’ve found a loophole to bypass Apple’s 30% App Store fee originally appeared on BGR.com on Thu, 4 Nov 2021 at 20:31:56 EDT. Please see our terms for use of feeds.