Facebook Allows Subscription Pricing, Updating Payment Products In Local Currency

Posted on Jun 20 2012 - 8:14am by Editorial Staff

Facebook is introducing new ways by launching subscriptions as another way for developers in order to build your businesses on Facebook. With subscriptions, you can now establish a recurring revenue stream and offer updated content or premium experiences for a monthly fee. The new feature will be available to all Facebook.com and mobile web apps in July. Subscriptions are already being tested by developers such as KIXEYE and Zynga.

The company is also updating its payment products in order to support pricing in local currency (ex: US dollar, British pound and Japanese yen) instead of Credits. Further, the social giant stated that it will convert any Credit balances into the equivalent amount of value in users’ local currency, which they can spend on in-app items in the same way they do today. People can still redeem gift cards and store unused balances in their account.

About the Author

Editorial Staff at I2Mag is a team of subject experts.