Apple Gets 30% Cut Even on Refunded iPhone Apps!

I was floored when I read this TechCrunch item…

Apple’s iPhone App Refund Policies Could Bankrupt Developers

Here’s the situation:

- iPhone app customers can ask for a refund within 90 days of purchase
- The app vendor is required to refund the full purchase price
- But, Apple keeps its 30% of the initial purchase

So, the developer is left holding the bag to refund the 70% obtained during the purchase plus the 30% that Apple took but is not refunding.

Does this seem fair to you?

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