South Korean app store developers can forego Apple’s in-app payment system

•  Apple will require apps to pay a commission of 26% on sales.

Apple (NASDAQ: AAPL) application developers for its South Korean App Store no longer have to use its own in-app payment system.

The iPhone maker announced that developers will be able to take payments using the third-party service providers pre-approved by Apple.

Apple will require apps that take advantage of the new policy to report all sales to Apple each month and pay a commission of 26% on those sales, according to the company’s documentation.

Currently the company collects between 15% and 30% of app sales and in-app purchases, depending on whether the sale is a subscription or if it fits into a category of apps with reduced commissions.

Apple said apps using alternative payment options will show a popup saying, “This app does not support the App Store’s private and secure payment system.”

Source - Apple 

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