BREAKING NEWS & VIEWS
Facebook Offers App Subscriptions
Friday, June 22, 2012
Starting next month, app developers will be able to sell subscriptions to their Facebook.com and mobile web apps. The company is also transitioning away from its "credits" system to allow users to make purchases—including in-app—with their local currency.
Subscriptions allow app creators the chance to "establish a recurring revenue stream and offer updated content or premium experiences for a monthly fee," according to a post on Facebook's developers blog. Apparently following Apple's model, Facebook keeps 30 percent of all app revenues.
The support of local pricing is designed to "simplify the purchase experience," says the blog, and allows app creators to set prices for the same item differently market-to-market. It is also intended to help developers set "more granular and consistent prices for non-US users."
Editor's Note: this story appeared originally at minonline sister publication FOLIO:.
If you have breaking news to share please contact min’s editors.
|Copyright © 2013 Access Intelligence, LLC. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Access Intelligence, LLC is prohibited. For more details please see Terms and Conditions.|