Facebook is announcing changes to its payments system to make it easier for developers to drive payments on their apps, generating more revenue for Facebook.
The social network announced two big changes: the option of subscription payments for apps, and Facebook is streamlining the payments process by eliminating its “credits currency.”
Starting in July developers will be able to sell apps with a subscription. Facebook says three apps are testing subscriptions—Zynga’s Pioneer Trail, Farmville, and KIXEYE’s Backyard Monsters. This follows the launch a few weeks ago of Facebook’s first paid apps. But now this opens the door for premium content subscriptions, like to Netflix , Hulu Plus, or Spotify.