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Tinder will now accept payments via credit card after skipping the 30% cut on IAPs

Tinder will now accept payments via credit card after skipping the 30% cut on IAPs

After Netflix, Spotify and a few other key leading apps in vivid genre left Google and Apple’s in-app purchases protocol that takes a 30% cut everything a user makes a transaction on these apps, dating app Tinder has joined the wagon. Tinder is now one of the few uber-popular apps that no longer have in-app purchases within the Google Play Store and will have a different method to deal with the payments.

Until now, Tinder on Android smartphones requires users to make a payment via Google Account which has all the details and concludes payments without feeding in information related to credit or debit cards since all the information is fed onto the Google payment app.

Tinder has rolled out a new payment process under its “convenience, control, and choice” that will require users to enter payment details such as the credit or debit card information to make the payment. Note that this method will allow Tinder to save a hefty 30% cut that it has to pay Google Play Store in order to facilitate the payment. On the other hand, it could cause problems to the user as he/she has to feed the payment details everything he/she wants to make the payment.

This could also trigger security concerns as Tinder will be holding all the payment-related details which could be compromised. Furthermore, Tinder could prompt the user to enter the payment details every time he/she is making the payment. Get ready for the new payment mode to swing into action as it will replace the pay by Google mode available at the moment. Tinder is currently a part of Match Group on Google Play Store, unlike the Epic group where publisher Epic Games excluded all its apps from being displayed on Google Play Store.

Spotify filed an antitrust lawsuit against Google’s competitor Apple citing its monopolistic ways and how it charges a hefty 30% cut from all in-app purchases which goes down to 15% for repeat subscription. Google was also fined a whopping $5 billion towards antitrust lawsuit filed by the EU.

About the author

Shawn Mendis

Shawn Mendis

Shawn Mendis is a 1999 graduate of De La Salle University in Manila, Philippines. After over a decade of working office jobs, he decided to start his own news publication. He mainly focuses on technology articles and editorials at Stock Market Blaze. He loves to listen to music and play with gadgets in his spare time.
Email:shawn@stockmarketblaze.flywheelsites.com

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