In recent months, the big three cloud vendors — Amazon, Microsoft and Google — have relaxed their egress fees, which are a tax of sorts that the cloud companies charge customers to move their data to another vendor.
“In the original cloud world, the three major cloud vendors were really fighting to try to build what felt like walled gardens, and as long as you built on top of them, everything was great.
Cloud customers looking to switch providers will need to be retained through innovative and accessible features now that the punishment of egress fees is being phased out,” Seseri said.
David Linthicum, a longtime cloud consultant, says that while these recent announcements are a pleasant PR move, he warns folks to review their bills carefully because egress fees aren’t the only problem.
What are we paying for the networking fees, the egress fees, all the other hidden fees that come along with what people call junk fees that come from the cloud vendors?”But this may not affect startups as much as larger enterprise customers.
Robinhood’s new credit card goes after Apple Card with ability to invest cash-back perksEight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy.
Apple, for instance, offers 3% cash back on all purchases made at Apple, and on purchases made at select merchants when using the Apple Card with Apple Pay.
In general, purchases made on Apple Card with Apple Pay earn users 2% back.
It’s why we started Robinhood…” Robinhood co-founder and CEO Vlad Tenev said in a written statement.
“Today’s announcements…bring us one step closer to the goal of giving everyone better access to the financial system.”Robinhood Gold Card, explained:What are the requirements to apply for a Robinhood Gold Card?
Microsoft has revealed that it too will allow business customers to transfer data out of its Azure cloud infrastructure with no so-called “egress fees” attached, following hot on the heels of similar moves by cloud rivals AWS and Google.
The latter of these announced it was ditching egress fees in January, followed by AWS earlier this month.
Similar to rivals including AWS, Microsoft did already allow customers to transfer 100GB of data out of Azure each month for free.
This is notable, because a lot of companies will want to use some Azure services, without having to go all-in on it.
So data transfers from other Azure services, such as the Azure Content Delivery Network (CDN), will still include the standard charges.
This new program allows Play Store developers to lead their users in the EEA outside their app, including to promote offers.
Google says this fee represents the value that Play provided in facilitating the initial user acquisition through the Play Store.
Google says this fee represents the value that Play provided in facilitating the initial user acquisition through the Play Store.
Developers, however, will still be responsible for reporting transactions involving those users who are continuing to receive Play Store services.
Separately from the External Offers program, Google also this week launched two other programs to allow alternative billing systems for in-app purchases.
Amazon’s cloud computing subsidiary AWS has revealed that it will allow customers to transfer their data out of its ecosystem with no so-called “egress fees” attached.
While AWS already allows customers to transfer up to 100GB of data per month off its servers for free, this won’t cover companies looking to “lift and shift” their entire data stores to another provider — and that is what is effectively changing for AWS customers as of today.
Companies that want to move their data off of AWS are requested to contact AWS, which will then apparently issue credits for the data being migrated.
It’s not clear what today’s news means in relation to the U.K.’s ongoing antitrust probe into cloud lock-in practices.
Another issue identified by the U.K.’s Competition and Markets Authority (CMA) was also looking at interoperability, concerning areas where cloud companies design their products to not play nicely with rival services.
Google said on Friday it will start removing apps from its Play Store in India if developers fail to comply with its payment policy, taking a definitive stand weeks after the top Indian court granted the Android-maker with relief.
Without naming them, Google said 10 companies in India, including “many well-established ones,” have not paid Google Play’s fee despite being provided with three years to prepare.
“After giving these developers more than three years to prepare, including three weeks after the Supreme Court’s order, we are taking necessary steps to ensure our policies are applied consistently across the ecosystem, as we do for any form of policy violation globally,” the company wrote in a blog post.
“Enforcement of our policy, when necessary, can include removal of non-compliant apps from Google Play.”This is a developing story.
More to come.
On Friday, the streaming music company issued its response to Apple’s new DMA rules, calling the new fees imposed on developers “extortion” and Apple’s compliance plan “a complete and total farce,” that demonstrated the tech giant believes that the rules don’t apply to them.
It will also charge a 3% payment processing fee when developers use Apple’s in-app payments instead of their own.
Apple’s App Store will maintain its power, Ek believes.
Plus, because of the increased fees, Spotify doesn’t even have a choice, Ek explains — it’s forced to stick with the current system.
“With our EU Apple install base in the 100 million range, this new tax on downloads and updates could skyrocket our customer acquisition costs, potentially increasing them tenfold.
How low can bitcoin ETF fees drop before it hurts a business?
On Thursday, Franklin Templeton’s Franklin Bitcoin ETF ranked sixth among the 11 for first day trading volume at $65.45 million by the end of the day.
(Note: A number of issuers, Franklin included, are waiving fees for a limited time.)
There’s reason to believe that spot bitcoin ETFs and other related products that may come to market will see strong demand over time, and major investment houses want a piece of the action.
An additional preexisting $2.3 billion from Grayscale’s GBTC fund, which converted into a spot bitcoin ETF on Wednesday, brought the 11 issuers’ total to $4.6 billion.
Google today announced that it’ll stop charging Google Cloud customers a fee to migrate their data to another cloud provider or on-premise datacenter, effective immediately.
Customers using Google Cloud services including BigQuery, Cloud Bigtable, Cloud SQL, Cloud Storage, Datastore, Filestore, Spanner and Persistent Disk are eligible for free transfers out of Google Cloud — but must first apply for approval through a form.
Only once an approved customer’s data has been transferred out of Google Cloud and they’ve terminated their cloud written agreement will the data transfer fee will be waived (via a bill credit).
According to an IDC survey, 99% of cloud storage users have incurred egress fees averaging 6% of their cloud storage costs.
In 2018, Cloudflare launched the Bandwidth Alliance, a group of companies pledging to reduce or eliminate data egress fees.
EUR wallets also come with bank details, which means that Zing customers can receive SEPA payments to their EUR wallet directly.
When it comes to sending money, Zing supports dozens of currencies — more currencies than the ten I listed above.
When you convert GBP to EUR, Zing charges 0.6% in exchange fees.
Plus accounts can exchange up to £3,000 per month without exchange fees.
Premium, Metal and Ultra customers don’t pay exchange fees, but they pay £7.99 to £45 per month in subscription fees.
