Facebook events service gets temporary exemption from Apple App Store fees: blog post

Facebook Inc said on Friday that businesses running paid online events on its iOS app would not need to pay a 30% fee to Apple for the remainder of 2020, temporarily defusing a standoff between the two tech giants. The social media company said in a blog post that all businesses except gaming creators would be eligible for Apple’s fee exemption and can process payments for the online events they run through Facebook Pay. “Apple has agreed to provide a brief, three-month respite after which struggling businesses will have to, yet again, pay Apple the full 30% App Store tax,” Facebook company spokesman Joe Osborne said in a statement.

Continue Reading

HEDGE accordingly