Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported on Sunday.
“Our goal is to provide partners with the best platform and most competitive incentives in the industry. We can confirm that a change to our Marketplace fee structure is in the works and we’ll have more to share on this soon,” a Google Cloud spokesperson said in a statement to Reuters.
Earlier this year, Google cut the service fee it charges developers on its app store by half on the first $1 million (roughly Rs. 7.3 crores) they earn in revenue in a year. Google had said that it would cut app store fees to 15 percent from 30 percent effective July 1 — a move impacting most of the developers on its app store.
In contrast, Apple in November last year said that it planned to lower its commissions only for developers who make $1 million (roughly Rs. 7.3 crores) or less in proceeds in a year from its app store.
© Thomson Reuters 2021