Facebook charge subscriptions

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

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

Payments for virtual items, such as chips on Zynga Poker, accounted for 17 per cent of Facebook`s revenue in the first quarter.

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 United States users will pay in US dollars and those in Japan will pay in yen.

BdST 2243 HRS, JUN 20, 2012

Edited by:
Sabbin Hasan, ICT Editor