If you download apps to your Android or iPhone device, you should be aware that both Google and Apple have been known to overcharge users who pay to download apps as well as those who make in-app purchases in the Google Play store or in Apple’s App store.
In-app purchases have become a controversial topic because of the revenue they generate for Google and Apple. Commission fees that app developers are required to pay are 15-30% to have their apps housed in either Google or Apple’s app store. Unfortunately, with few market choices, app developers are stuck paying the fees, and in turn, the fees are often passed along to consumers.
Essentially, Apple and Google use their shared monopoly power over cellphones to rip consumers off. Many times we aren’t even aware we are being ripped off.
For example, if you’d like to download an app or a game and the content/service costs $9.99 a month, it will…