Developers Get New Google Wallet PricingBy: Chris Crum - July 3, 2012
Google has made some changes to the Google Wallet for Digital Goods API (formerly known as the In-App Payments API): new pricing and subscriptions.
“First, we’ve heard feedback from developers that 5% transaction fees are great for microtransactions but not as attractive for larger transactions with higher order value,” says Google Wallet product manager Pali Bhat. “To improve your experience selling higher priced items, we’re introducing 1.9% + $0.30 (or local equivalent) pricing in addition to the current 5%. Google will apply the option that charges you the lower of the two possible transaction fees for that order.”
“We also know that many orders happen on a recurring basis rather than just once,” says Bhat. “At Google I/O we demonstrated how to integrate with the new Google Wallet for digital goods subscriptions feature, which is now available in sandbox.”
In case you missed the Monetizing Digital Goods With Google Wallet session from Google I/O, here’s the entire thing:
Google says there will be a forthcoming announcement, alerting developers when subscriptions will be available for external use. You can sign up here.
At Google I/O, Google aso launched new Google Wallet Save To Wallet APIs. More on those here.