Facebook Opens Up Subscription Billing, But Paid Content Sites Should Think Twice Before Joining

Last week, Facebook announced that its subscription billing app is now available to all developers. (Kixeye, Disney’s Playdom and Zynga have been testing the
Last week, Facebook announced that its subscription billing app is now available to all developers. (Kixeye, Disney's Playdom and Zynga have been testing the app since June.) While gaming sites and paid content sites using social readers may be excited about this news, the app may not actually be to their fiscal advantage. For one, Facebook is taking a 30% cut of all subscription fees. That's enormously high for payment processing services. While there was no formal…...

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