70:30 revenue split for a stock trading app?

[marcotyf]

hi a curious question to ask abt whether apple charges

companies like etrade for a mobile trading app based on its

70:30 revenue split model (transaction volume)? or did etrade

or any other financial institutions need to pay anything extra

for such high-volume application?

 

[sammich]

God no. Think about it.

All the transactions would go through the *ETRADE server anyway, no 'high-volume' stuff going through Apple.

 

[MotionxxUSxx]

Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 3_1_3 like Mac OS X; en-us) AppleWebKit/528.18 (KHTML, like Gecko) Version/4.0 Mobile/7E18 Safari/528.16)

I'm assuming apple makes nothing. The etrade app is free. The commisions made in the trading app all go to etrade.

 

[manu chao]

hi a curious question to ask abt whether apple charges

companies like etrade for a mobile trading app based on its

70:30 revenue split model (transaction volume)? or did etrade

or any other financial institutions need to pay anything extra

for such high-volume application?

No, the 30% cut only applies to content consumed inside an app. Otherwise any online retailer with an app would also need give Apple a 30% cut on any physical product bought via an app.