Latest News by Industry
%2Fcloudfront-us-east-2.images.arcpublishing.com%2Freuters%2FGSTJKOIMLBOCBDM7QMEGXOPUIQ.jpg&w=1200&q=75)
• Match had earlier sued Google for charging developers 30% of their sales
Tinder-parent Match Group Inc (NASDAQ: MTCH) said on Friday that Alphabet Inc’s (NASDAQ: GOOGL) Google has agreed to temporarily allow the dating apps maker to offer users choice in payment systems.
Match also said it has withdrawn its request for a temporary restraining order against Google, after the tech giant made various concessions including that its apps will not be removed from the Google Play Store because they offer alternative payment options.
Earlier in May, Match had sued Google for charging developers 30% of their sales calling the fees illegal under federal and state law.
As part of the temporary agreement, Match Group also plans to put up to $40 million into an escrow account, instead of paying Google directly for billing transactions that occur on Android outside of Google Play Billing.
Google has been recently criticized by many developers for charging hefty fees and forcing them to use the in-built payment systems.
Epic Games Inc, maker of popular online video game “Fortnite”, has also been engaged in a legal battle with Google over the bulky fees charged by the tech company.
Picture Credits: Reuters
ALSO READ:
Google to use new employees’ evaluation process to offer higher pay
Digital advertising and e-commerce growth slows as economies inch back to pre-pandemic levels