Facebook reveals game subscriptions with monthly billing

Facebook just announced an upcoming subscription payments service, giving developers another potential revenue stream beyondthe sale of virtual goods.

The new feature allows developers to provide players with a premium game experience in exchange for a monthly fee. Facebook will still keep the usual 30 percent fee if a player opts to subscribe to a game. Previously, Facebooks payment system wasnt set up to support subscription billing unless a developer worked directly with the social network. Facebook says subscriptions already use local currency pricing and that it plans to release local currency support for in-app payments within a few months. Likewise, any games with virtual items for sale are going to be required to use local currency pricing by the end of the year.

As of now,... [via Inside Social Games]