Facebook to let developers charge subscriptions

Jun 19, 2012

(AP) — Facebook is letting app developers charge subscription fees, in addition to existing one-time payments, for games and other applications on its site.

Facebook Inc. said on its developer blog Tuesday that the feature will be available in July. The changes open up a new revenue stream for developers as well as for , which takes a 30 percent cut from all payments on its site.

People will still able to make payments on a one-time basis. Facebook is also replacing its own Credits currency with users' local currency. So U.S. users will pay in dollars and those in Japan will pay in yen.

Payments for virtual items, such as chips on "Zynga Poker," accounted for 17 percent of Facebook's revenue in the first quarter.

Explore further: Facebook 'newspaper' spells trouble for media

not rated yet
add to favorites email to friend print save as pdf

Related Stories

US videogame maker EA in deal with Facebook

Nov 02, 2010

Electronic Arts said Tuesday that it has reached a five-year agreement with Facebook that calls for the social network's virtual currency to be the exclusive payment method for EA games.

Zynga shares tumble to fresh low on Facebook fears

Jun 12, 2012

Shares of the social media games maker Zynga plunged more than 10 percent Tuesday after an analyst note highlighted concerns about the impact on the firm of a shift to mobile Internet.

Recommended for you

YouTube goes online for second Music Awards

Nov 20, 2014

The YouTube Music Awards are undergoing an overhaul for their second edition next year, scrapping a star-studded gala and instead looking at videos' online buzz.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.