In App Billing now live in Android Market too!

This is definitely some reason for Android Developers to cheer that Android finally supports in-app billing.

What you get now ?

• You can use the service to sell a wide range of content, including downloadable content such as media files or photos, and virtual content such as game levels or potions.
• Any application that you publish through Android Market can implement in-app billing.
• No special account or registration is required other than an Android Market publisher account & a Google Checkout Merchant account. 

• Android Market uses the same checkout service that is used for application purchases, so your users experience a consistent and familiar purchase flow.

As with application purchases, Android Market charges a fee of 30% for anything sold via in-app billing, which is the industry standard. Hopefully this will help developers more effectively monetize their applications on Android Market — historically users have been less willing to pay for apps on Android than they have on Apple’s App Store.