Meta to charge extra for boosted posts on Instagram, Facebook after Apple change

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Meta said Thursday that it will start charging a 30 percent fee when advertisers pay to boost the visibility of their posts in Facebook’s and Instagram’s iOS apps.

The change, which goes into effect later this month, stems from a 2022 App Store update where Apple extended its typical 30 percent cut of digital purchases to boosted posts, which are essentially ads. The change particularly targeted Meta and other social apps that let people pay in app to increase the reach of their content. Meta notes in a statement shared with The Verge that small business owners and influencers who want to purchase a boost on iOS will now be billed through Apple, “which retains a 30% service charge on the total ad payment, before any applicable taxes.”

Meta says people can still purchase boosts from Instagram’s and Facebook’s websites on desktop or mobile to get around the Apple fee that is being passed on to iOS users. “We are required to either comply with Apple’s guidelines, or remove boosted posts from our apps,” the company says. “We do not want to remove the ability to boost posts, as this would hurt small businesses by making the feature less discoverable and potentially deprive them of a valuable way to promote their business.”

Additionally, Meta says those who want to boost posts through its iOS apps will now need to add prepaid funds and pay for them before their boosted posts are published. Meta will charge an extra 30 percent to cover Apple’s transaction fee for preloading funds in iOS as well. This new payment process will roll out in the US first before hitting “additional markets and countries” later in the year.



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Meta to charge extra for boosted posts on Instagram, Facebook after Apple change


Meta said Thursday that it will start charging a 30 percent fee when advertisers pay to boost the visibility of their posts in Facebook’s and Instagram’s iOS apps.

The change, which goes into effect later this month, stems from a 2022 App Store update where Apple extended its typical 30 percent cut of digital purchases to boosted posts, which are essentially ads. The change particularly targeted Meta and other social apps that let people pay in app to increase the reach of their content. Meta notes in a statement shared with The Verge that small business owners and influencers who want to purchase a boost on iOS will now be billed through Apple, “which retains a 30% service charge on the total ad payment, before any applicable taxes.”

Meta says people can still purchase boosts from Instagram’s and Facebook’s websites on desktop or mobile to get around the Apple fee that is being passed on to iOS users. “We are required to either comply with Apple’s guidelines, or remove boosted posts from our apps,” the company says. “We do not want to remove the ability to boost posts, as this would hurt small businesses by making the feature less discoverable and potentially deprive them of a valuable way to promote their business.”

Additionally, Meta says those who want to boost posts through its iOS apps will now need to add prepaid funds and pay for them before their boosted posts are published. Meta will charge an extra 30 percent to cover Apple’s transaction fee for preloading funds in iOS as well. This new payment process will roll out in the US first before hitting “additional markets and countries” later in the year.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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