I’m not a big fan of the high fees, but I’m even less of a fan of big developers being treated differently than the little guy.
Some banks do this *** too. The more money you deposit, the less fees you pay. Because ‘premium customer’ and all this.
Yep Chase for instance: over 75k on deposit, no ATM withdrawal fees anywhere! You know, helping the people who need it the least.
Sorry for the ignorance, but you have to pay to withdraw money from your bank in the US?
From your bank in person, no. From your bank’s own ATM, no. From an ATM run by another bank out of network, yes, there are often fees and your bank will waive them under certain circumstances.
If it’s run by another bank out of network, your bank cannot waive them. The fees are set by the owner of the ATM and that fee goes to them.
Your bank can just cover/refund the fees for you.
Yes, I understand that, since obviously they’re two separate entities. Often banks themselves have a fee, which they waive. Then they reimburse the fee the other party charged.
Not if you withdraw from a store. I forgot the exact term. Just grab a drink or snack and select the withdraw amount on the card reader.
Yes. Technically paid extra but at least I get something back. Not ideal but better than using an ATM and risk a out of network fee.
that’s true, there’s no fee withdrawing money at a debit point of sale.
Not necessarily. Usually your bank will have ATMs you can use fee-free. And often partner bank ATMs as well.
Out of network ATMs can charge fees, which you will prompted to accept before withdrawing, but that’s not from your bank. That’s the company running the ATM. Generally $3-5
I guess some shitty banks could charge fees on top of that…
Mine charges no fees and actually reimburses ATM fees (a certain amount per month)
Chase absolutely charges you for using a non-network ATM. I have a friend that has Chase for their bank and will not withdraw from a non-chase ATM even if the ATM has no fees because Chase will just charge him after the fact.
Makes me wonder why he still bothers keeping Chase.
Same here. I have a bank that charged their own fee in addition to whatever the ATm owner charges, so any withdrawal ends up being $8-10.
Still weird
In the Netherlands as well, as well as when you buy stuff at a store. There’s always a small fee when you use a debit or credit card.
And charge you a monthly service fee unless you have a job (regular transaction into the account per billing cycle), which isn’t a thing in other places.
Ripping off poor and jobless people. Yes.
Not sure if it’s still a thing, but PNC would charge you a few for their Personal Wallet if you don’t have direct deposit of a certain amount each month.
I mean I can’t believe I’m about to defend a bank, but it makes sense no?
Banks want people to deposit money, rich people have more money. So it tracks that you would offer better incentives to get those people to be your customers.
Nobody is saying it doesn’t make financial sense, but that it’s a dick move.
capitalism is a compilation of dick moves
Saying corporations are making dick moves under capitalism is like saying when rains things get wet.
Like do we expect anything different at this point.
The world is run by greedy self serving asshole, more news right after these dystopian ads.
Sooo, we’ll call me an optimist, I believe people can be, and for the most part ARE better than that.
My concern is that the psychopaths always win. At the top of the companies and countries, we mostly have psychopath leaders. These are people that treat society as a game to be won. To the best of my ability and reasoning, I can’t find a way to avoid that. Socialism, communism, capitalism, etc….
There’s no system they won’t exploit because they all have exploitable holes. Normal people won’t sacrifice what’s needed to be a CEO, because it’s not worth it to them. They value their own life and family more than the power and money. They want enough control to feel like they can run their own life and enough money to eat and sleep. That’s a reasonable life.
But in order to get ahead, you have to want that money and control almost as much as breathing. The system BREEDS psychopaths. They ALL do, because as time goes on, the requirements to get elected or promoted get harder and slimmer and require greater sacrifice. So only the people who care about NOTHING but getting that power will make it through eventually.
…… and I can’t solve that riddle.
I agree with every word.
I too have no idea how to fix it. It is what it is.
If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem
Agreed, but at least that is an upfront rule that technically applies to anyone with X amount of money. This is some back room handshake shit.
I’d be better if Apple / Google lowered their fees based upon how many installs anyone hit. At least it would apply to everyone, not just a couple of billionaires scratching each other’s backs.
Yes. I know a bank where you’re trading fees are lower or even zero, depending on the size of your share portfolio.
I’m gonna go out on a limb and say I think this is done to prevent anticompetitive issues. If Google were to profit off of both its own product (youtube / yt music) and also require its competitors to pay it a % of revenue, it would potentially open them up to more anticompetitive lawsuits.
They don’t do the same for ebooks with Kindle, which is why Amazon has removed the ability to buy them from the app. I’d be surprised if that was the reason for Spotify.
That got turned back on for me? Did they change it only for a few markets?
No fees when users choose to pay via Spotify (which had been the case and only option since the beginning, until User Choice Billing was implemented).
If users choose to pay with Google Play Billing, Google keeps 4%.
Even so, what I find hypocritical is that Spotify got this deal and seemingly agreed to keep it under wraps, without advocating for it to be extended to all other music streaming services in the platform.
Because… having a deal with the platform holder that gives it unfair advantage over the competition is exactly what they accuse Apple of doing with iOS.
Sauce: https://www.theverge.com/2023/11/20/23969690/google-spotify-android-billing-commission-secret-deal
4% is basically just the payment processing fee (averaged out, since it’s slightly different for every transaction). Spotify has to pay that regardless of how you pay.
Didn’t Spotify join Epic’s side in the Epic v Apple lawsuit over the app store?
deleted by creator
The game is rigged
We’re totally screwing the artist, so we’ll give you a cut if we don’t pay any gees.
Kind of weird, considering they’re a major competitor, but so what? Why is this something they need to “admit”?
Stuff like this will be used in the anti monopoly cases going on world wide.
I’m all for reigning in monopolies, but I actually don’t see how this is anticompetitive.
A business paying zero fees is not anticompetitive. One specific business paying zero fees when everyone else has to and doesn’t know about it is.
This old saying feels more relevant than ever in this context:
Mind your own business.
As I see it, there can be various good reasons for striking a “better” deal with some than others, depending on who benefits from who etc. Just like how a retailer wouldn’t just pay all the suppliers the same, since they’re supplying different amounts of different products that don’t all have the same value to the retailer nor customer.
Let’s ignore who are the parts in this specific case, but rather discuss the broader principles of free trade. Why would a business have any right to know what their competitors are paying/earning? They can definitely ask as a part of a negotiation process, but in no way can they expect to get an answer. Instead, they can decide not to do business with one who won’t share this information with them. This is a good thing.
They’ve rigged the system so that nobody can compete with them. YouTube music and Spotify pay nothing and everyone else has to pay, meaning smaller business attempting to compete is starting with a severe disadvantage.
This is not your uncle selling an old TV to your neighbour, this impacts lots of consumers and other businesses.
As a consumer I’m a part of the business , so you are actually advocating people to be involved, even though you are contradicting your self because I don’t think you understand the implications of “minding your own business”.
bro would be catching up on FTX news and their takeaway would be “damn rats snitched on SBF!”
If you want to start a competitor to Spotify or Google music, you will have to pay those fees making it almost impossible for you to compete.
A company giving special access to it’s competition on a platform they control is usually used as an indicator of not being anticompetitive.
I hadn’t considered it from a “collusion” angle.
it would be different if it was for all it’s competition.
Eh, when Microsoft was required to ask you which browser you wanted, they didn’t need to offer every browser, just theirs, firefox and Chrome.
This could definitely be collusion, but I don’t think that not extending it to all competitiors is what makes it that.
Microsoft didn’t make the other browsers pay for the privilege of being a browser though.
How? Special back door secret deals for one and only one company is the definition of anticompetitive.
Competition is defined as more than one lol
Edit: I’m special, I am first place! But if you knew it was 1st place of one… I sure hope you think me as noncompetitive…🤣 It’s strange to me to think I’m competitive if I have no competitors.
The thing is that any other competitor music app (or other app in general) faces the monetary barrier that Spotify secretly doesn’t face in order to process subscription payments through Google Play is anticompetitive.
In this way, Google is also acting more like a market-maker than merely a competitive player or partner in a free market, where they can decide who the dominant music streamer could be.
Netflix makes heavy use of Amazon Web Services, specifically S3 Buckets. I’m sure there’s a special deal worked out with them as an anchor client.
Malls do the same thing. While they’re not in direct competition in the same sense as Google/Spotify or Amazon/Netflix, some stores don’t even pay rent in a mall because it’s expected that they’ll drive traffic to the rest of the stores. 90% sure Victoria’s Secret, Macy’s, etc are some of these anchor stores that very often pay little or negative rent due to the sheer revenue generated by other avenues.
Yea no shit, idk if it’s just for my region or what, but Spotify does not manage their subscription through the play store. Makes it more annoying to cancel it too, which the execs at Spotify probably see as a plus.
Idk if Bandcamp is better, but there I buy my beloved albums with a big tip. The only thing I dislike is many artists default to PayPal for their merch. Ah, and they got owned by someone like Tencent or Epic?
Were owned by Epic then sold to Songtradr last month
Thanks. Did you hear how it affects users like us?
As far as we know it’s business as usual but I would make sure to have a copy of everything I’ve bought if I were you, when a business gets passed around like that (and sold at a loss) it doesn’t bode well…
Yeah, right. Thanks to BC it’s so easy.
They got rid of a whole bunch of staff, so the service is effectively on life support.
Shit. Thanks you too for these news.
They are removing lots of the nice things they did like days when an the revenue goes to artists
Its not a bug, its a feature. The end game has lots of backdoor deals.
deleted by creator
As someone who have distributed on all platforms, Spotify is still the best. Sure it doesn’t pay that well, but it does enable your songs to get discovered and played
This is incredibly off topic here considering the fact we’re mostly talking about Google and the company giving a market advantage to companies that could cut them some “deals”
Rare Epic W
So they don’t pay fees, they dont pay artist and they never made a Profit. But for some fucking reason are allowed to dictate the music industry.
For anyone reading this, that still uses Spotify, a big fuck you from the heart of an artist!!! You’re the reason that abominations like Spotify are able to continue…
deleted by creator
This will continue, as long as people dont stop using the products of this shitty companies. So yes, everybody who uses Spotify made the choice to give them their money, so that they can continue with this bs.
You can blame the Management or whoever as much as you want, but as long as you dont change your behaviour and stop using their products, they dont have a reason to stop.
So yes, its your fault too!
deleted by creator
