In-app Billing is expanding again today, version 3 introduces the following new features:

* An improved design that makes applications simpler to write, debug and maintain.
* More robust architecture resulting in fewer lost transactions.
* Local caching for faster API calls.
* The ability to consume managed purchases and query for product information.

In-app Billing version 3 is available to any application that uses in-app items, and is supported by Android 2.2+ devices running the latest version of the Google Play store.

Linkhttp://android-developers.blogspot.com/2012/12/in-app-billing-version-3.html
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