Apple reverses course, temporarily removes fees for Facebook eventsGame companies will still need to pay the fee though.
What you need to know
Apple will not charge small businesses its 30% fee for virtual events on the Facebook app.
It will hold off on collecting its fee until December 31.
Facebook says that is not enough, as it plans to waive fees until at least August of 2021.
Reported by CNBC, Apple has temporarily reversed its decision to take a 30% cut of transactions from the Facebook app for virtual events that have been booked by small businesses. Last month, Facebook had publicly complained that the company collected 30% of these revenues, saying that it was hurting the small businesses that relied on these virtual events during the pandemic.
"We asked Apple to reduce its 30% App Store tax or allow us to offer Facebook Pay so we could absorb all costs for businesses struggling during COVID-19. Unfortunately, they dismissed both our requests and SMBs will only be paid 70% of their hard-earned revenue. While Facebook is waiving fees...
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Apple reverses course, temporarily removes fees for Facebook events
