A recent update for iPhone users could lead to cost savings that benefit the actual device users.
Stripe, a payment processing company, has released new guidelines that allow developers to accept payments outside of apps on iPhones and iPads.
This change enables apps to bypass Apple's fees, which were previously mandatory due to court decisions.
Now, developers can direct users to third-party websites for payments, avoiding Apple’s charges and potentially passing those savings on to consumers.
Apple is now prohibited from stopping developers from guiding users toward web-based payment methods within their iOS applications.
Understanding Stripe's Advantage Over Apple
Traditionally,apple required apps to pay its fees when processing payments. This has changed with the introduction of Stripe, which charges a flat rate of 2.9% plus 30 cents per transaction.
This fee structure is significantly lower than Apple's commission rates ranging from 15% to 30% on in-app purchases.
While this may seem like a larger expense at first glance, it’s critically important to note that Apple currently manages subscription services and ensures payment security for developers.
Switching to Stripe means developers must take on additional responsibilities such as compliance checks and managing the checkout process themselves.
However, Stripe offers more flexibility and control for developers along with a wider range of payment options.
Some developers might hesitate to move away from the convenience of in-app payments through Apple Pay. Still, they now have an option if they choose to accept Stripe payments outside Apple's ecosystem.
Getting Started with Stripe Integration
Developers interested in using Stripe can access extensive documentation provided by the company. This includes instructional videos demonstrating how simple it is indeed to implement these changes effectively.
