Post #2572657
2025-05-27 18:34 UTC
Now do Stripe.
https://www.apple.com/newsroom/2025/05/the-app-store-prevented-more-than-9-billion-usd-in-fraudulent-transactions/
Replies (2)
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@chockenberry@mastodon.social 2025-05-27 18:40
The App Store processes about $100B/year, while Stripe does about $1T/year. So, roughly, Stripe's business is 10x of Apple's * It also tells us that Apple's fraud rate is 2% ($2B / $100B). Let's assume that Stripe's has a similar fraud rate: that means they prevented $20B last year, or $100B vs. Apple's $9B. Apple's still thinking like they area the only ones on the Internet that can process money securely… * Analyst numbers, not reported by the companies, so take them with a grain of salt.
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@roguelazer@hachyderm.io 2025-05-28 00:04
@chockenberry@mastodon.social Stripe + Radar is more than 30% of a $0.99 transaction though (specifically, 35¢). I wonder what the average txn size is on the App Store?