| Barefootsies |
06-20-2012 07:06 AM |
Facebook Drops Credits, Adds In-App Subscriptions
Interesting to see how this develops.
Quote:
Facebook this week announced plans to ditch its Credits platform in favor of local currencies and allow app developers to offer in-app subscriptions.
Starting in July, users can sign up for recurring subscriptions in addition to one-time, in-app purchases on all Facebook.com and mobile Web apps, Facebook said in a blog post.
"With subscriptions, you can establish a recurring revenue stream and offer updated content or premium experiences for a monthly fee," wrote Facebook's Prashant Fuloria.
Subscriptions are already being tested by developers like Kixeye and Zynga, Facebook said. Kixeye's Backyard Monsters, for example, will start testing an offer of exclusive items for $9.95 per month.
Google added in-app subscriptions to Google Play last month. Apple announced a subscription billing platform for the App Store in Feb. 2011.
Meanwhile, Facebook plans to say farewell to Credits, which let users buy virtual goods via online tokens. Pricing started at $5 for 50 Credits and went up to $200 for 2,360 Credits.
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