Google renamed another prodcut, the In-App Payments API is now called as Google Wallet for digital goods. And also announced the following two updates:
Working on the developers feedback that 5% transaction fees are great for microtransactions but not as attractive for larger transactions with higher order value. Google is now introducing 1.9% + $0.30 (or local equivalent) pricing in addition to the current 5% to help improve selling higher priced items.
"Google will apply the option that charges you the lower of the two possible transaction fees for that order," informed Google.
Learn more and see examples of when each pricing option will apply in the Help Center.
At I/O 2012, Google demonstrated how to integrate with the new Google Wallet for digital goods subscriptions feature, which is now available in sandbox.
"If you're already using Google Wallet for digital goods, just visit the sandbox to try subscriptions out for yourself and watch for an announcement in the coming weeks for when subscriptions will be ready for external use," Google said.
If you're not yet, you can sign up for Google Wallet for digital goods on the developer site.
Check out the video below: