Google will still charge a 12 percent or less processing fee.
. But Google is rolling out the changes ahead of time to make sure that its plans “serve the needs” of users.
The legislation requires “gatekeepers,” or companies with a market capitalization of €74 billion or over, tomeant to promote competition among digital platforms. Failing to comply could lead to fines of up to 10 percent of a firm’s global revenue or 20 percent in case of repeat offenses. Android developers who choose to use an alternate payment processor will still have to pay Google a service fee for each transaction on the first $1 million they make within one year. However, Google says it will reduce this fee by 3 percent, meaning the company will take a 12 percent or lower cut from every transaction. If developers make more than $1 million in one year, Google will charge developers a 27 percent fee on transactions .
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