Apple announces new App Store tool to give developers more In-App Purchase options [Video]

Apple’s developer site has shared news of a new API coming for apps that will offer expanded options for managing In-App Purchases. It’s called the Advanced Commerce API, and here’s what we know so far.

Here’s the official announcement:

The App Store facilitates billions of transactions annually to help developers grow their businesses and provide a world-class customer experience. To further support developers’ evolving business models — such as exceptionally large content catalogs, creator experiences, and subscriptions with optional add-ons — we’re introducing the Advanced Commerce API.

Developers can apply to use the Advanced Commerce API to support eligible App Store business models and more flexibly manage their In-App Purchases within their app. These purchases leverage the power of the trusted App Store commerce system, including end-to-end payment processing, tax support, customer service, and more, so developers can focus on providing great app experiences.

Apple’s announcement also includes a linkwhere developers can learn more about eligibility requirements and …