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Apps & GadgetsApple App Store will accept alternate payment methods

Apple App Store will accept alternate payment methods

By TechGeeks
Apps & Gadgets

Apple App Store to accept alternative payment systems in South Korea.

South Korea approved a regulation in September requiring app store operators to accept third-party payment methods. Apple has now presented its compliance plans to the Korea Communications Commission (KCC), indicating that it intends to work out a solution with the KCC. According to Yonhap News Agency, no date has been set for when the new policy would take effect, nor has a service fee been set for the new payment method.

Apple App Store

Apple official statement: “Apple has a great deal of respect for Korea’s laws and a strong history of collaboration with the country’s talented app developers. We look forward to working with the KCC and our developer community on a solution that benefits our Korean users.

Our work will always be guided by keeping the App Store a safe and trusted place for our users to download the apps they love”.

In comparison to the existing 30% App Store tax on app sales and in-app purchases, Apple’s new payment options should offer a lower service price. The KCC has previously stated that if app store operators do not comply with the new legislation by providing alternatives to their first-party in-app payment systems, they would be fined.

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