Hey HN,
We're thinking about starting a fintech company in the space, and we're wondering what the fees are like for users buying stocks etc through an application. Essentially, does Robinhood pay a 30% fee each and every time a user buys a stock?
We've searched through Apple's website and guidelines - https://developer.apple.com/app-store/review/guidelines/, but we're unable to find any clear answers. Could you folks please help?
How would you differentiate a new fintech stock trading business from established players?
A tangent: banking apps could also be a solid argument in the Epic vs. Apple court battle. If you squint hard, purchases of digital cosmetic items don't look that different than a cryptocurrency. No real world goods were bought or sold. I suppose somebody could sell a game account with complete sets of cosmetic items online. I know these aren't the same, but there is a similarity in buying/selling purely digital things.