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Not too long ago, the courts in South Korea passed a new law that would require companies like Apple and Google to allow for third-party payment systems in their app stores. This means that developers will be able to choose a different payment system other than the default one that Apple and Google uses.

This in turn would allow developers to potentially find a cheaper payments provider and won’t have to give a 30% cut to Apple or Google for any purchases made. It looks like Apple has ultimately decided to give in because according to the Korea Times, the company has agreed to allow for different payment systems.

However, developers won’t be able to completely escape not paying Apple. The company declined to mention how much they would charge developers, but they did state that it will be lower than 30%. They say that their rate and the date of implementation will only be determined once discussions with Korea’s regulators are finished.

That being said, it seems that it won’t be much cheaper because Google had previously stated that their fees will be 26%, so it is largely expected that Apple will follow suit or somewhere close. It probably won’t be too huge of a difference for some developers, except for those who are making millions where the potential savings of 4% could amount to thousands of dollars.

Filed in Apple >Cellphones. Read more about , and . Source: phonearena