Shopify, the one-stop e-commerce services platform, reportedly announced on Tuesday that it will reduce the share of revenue charged to developers who publish apps on its app shop. Beginning August 1, developers will receive 100 percent of the first $1 million in revenue from the Shopify app shop. Shopify also said that benchmarks will be reset annually.
Shopify joins tech giants Microsoft, Apple, Google, and Amazon in lowering the fees for developers.
Shopify president Harley Finkelstein said during the company’s Shopify Unite 2021 presentation that the platform will cut the commission rates for its developers who make more than $1 million annually from 20 percent to 15 percent.
【Source text: by report】
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