Developers have to pay lower fees to Google’s app store for the first million dollars in revenue

(Reuters) – Google of Alphabet Inc. said Tuesday it was cutting the service fee that app developers pay the Google Play app store to 15% for the first million dollars in revenue they earn each year, starting from 1 July.

With this change, 99% of developers will see a 50% reduction in fees, Google said in a blog post.

Reportage by Chavi Mehta in Bengaluru; Editing by Anil D’Silva