Google 'In-App Payment' System Set for May 2011 Launch

Google was originally set to debut "in-app payments" support for Android applications in the Q4 of 2010, but recently said that the launch would be delayed until the end of this quarter. Now, it appears the real launch date of the much-anticipated product is May 2011, revealed by an email sent out ot users by […]

Google was originally set to debut "in-app payments" support for Android applications in the Q4 of 2010, but recently said that the launch would be delayed until the end of this quarter. Now, it appears the real launch date of the much-anticipated product is May 2011, revealed by an email sent out ot users by Jambool -- the company behind a virtual monetization platform dubbed "Social Gold" that was acquired by Google last August.

Here's the full email:

Hello,

Thank you for your use of the Jambool Social Gold platform. As you know, Jambool was acquired by Google last August. This acquisition meant that some changes to our business were inevitable, and we'd like to share them with you today.

First, the existing Jambool Social Gold product will be discontinued in favor of a new Google in-app payment product in May 2011. Rest assured that you'll be able to sign in to the Jambool merchant console through Sep' 2011, and you'll receive year-end financial statements in Feb' 2012.

Second, we'd like to invite you to participate in the pre-release beta of the Google in-app payment system. This system will enable developers to accept payments within an app, but it'll not have the full functionality of Social Gold at launch. We understand that this'll not meet the needs of all developers currently using Social Gold, but we highly encourage interested developers to join the Google in-app payments beta by submitting your information at http://google.com/checkout/inapp.

Again, we thank you for your flexibility during this transition period. Please feel free to respond to this email with any questions about your Jambool account or the new Google in-app payment product.

Sincerely,
The Jambool Team

[Via]