Overview of Apigee monetization  |  Google Cloud (2024)

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This section introduces you to Apigee monetization.

Monetize your APIs using Apigee monetization

As an API provider, you need an easy-to-use and flexible way to monetize your APIs so that you can generate revenue whenever your APIs are used. Using Apigee's monetization feature, you can add a rate plan to an API product. The rate plan lets you charge the developers for using your APIs. You can also configure the rate plan to share your API revenue with the developers.

Overview of Apigee monetization | Google Cloud (2)

As an API provider you monetize your APIs by enabling Apigee monetization in your organization and configuring the components defined in the following table.

Component Description
API proxies

When developing API proxies for use with monetized API products, you can attach the following policies:

  • VerifyAPIKey policy or VerifyAccessToken policy to determine if an incoming request is monetizable by checking for the active published rate plan. For more information, see Adding an authentication policy.
  • MonetizationLimitsCheck policy to validate if the developer has purchased the associated API product and has sufficient balance in the wallet. For more information, see Enforcing developer subscriptions to API products.
  • Quota policy to use the quota configuration defined using the API product. For more information, see Enforcing monetization quotas.
  • DataCapture policy to override monetization-related usage data. For more information, see Capture monetization data.
API product

Define the collection of API proxies that you want to provide to app developers as a monetized bundle. The API product configures the access limits (quotas), API key approval method, rate plan (described below), and other details for the bundled API proxies. For more information, see What is an API product? and Enforcing monetization quotas in API products.

Rate plan

Define the billing configuration, fees, and charges that are incurred for the use of APIs offered in a monetized API product bundle. For example, you can share the API revenue with your developers. For more information, see Managing rate plans for API products.

To enable app developers to purchase API product subscriptions, as an API provider you can do one of the following:

  • Integrate Apigee monetization with your Drupal-based developer portal
  • Build a custom portal interface and purchase and manage API products subscriptions using the API

To access APIs, app developers purchase API product subscriptions, add them to their apps, and obtain an API key to send with API requests.

Understanding monetization quotas

A quota defines the number of requests allowed for an API product over a given time period. Quotas can protect your backend servers from high traffic variances and differentiate your product line.

When creating your API products, you can configure business-level quotas to control access to your APIs. For more information about quotas defined at the API product level, seeQuotas.

Attach Quota policies to the API proxies in your monetized API product to ensure that the quota defined at the API product level is used. For more information, see Enforcing monetization quotas.

Understanding billing

Apigee monetization supports both postpaid and prepaid billing accounts.

  • Postpaid billing: In postpaid billing, your app developers do not make any upfront payment. App developers are billed after using your API products.
  • Prepaid billing: In prepaid billing, app developers pay in advance before using your API products. The upfront payment made by the developer is available in the developer's wallet. Based on the usage, the per-transaction cost is deducted from the wallet.

    The setup fee (if any), per-transaction cost, and any recurring fees are deducted from the wallet. If the developer's wallet contains less than the amount of any setup fee at the time of the API product purchase attempt, the purchase will fail with an error indicating insuffient funds.

When creating a rate plan, you configure the billing currency and frequency, any setup and recurring fees, and the consumption-based fees. Based on the rate plan configuration and the developer's unique API key used to access your APIs, you can collect usage data for analysis and to generate monetization reports.Then, you can use the data collected to generate your billing invoices.

Except as otherwise noted, the content of this page is licensed under the Creative Commons Attribution 4.0 License, and code samples are licensed under the Apache 2.0 License. For details, see the Google Developers Site Policies. Java is a registered trademark of Oracle and/or its affiliates.

Last updated 2024-09-11 UTC.

Overview of Apigee monetization  |  Google Cloud (2024)

FAQs

Overview of Apigee monetization  |  Google Cloud? ›

Using Apigee's monetization feature, you can add a rate plan to an API product. The rate plan lets you charge the developers for using your APIs. You can also configure the rate plan to share your API revenue with the developers.

How does API monetization work? ›

API monetization is a way that businesses can use APIs to make money, either directly or indirectly. A variety of API monetization models exists, from pay-as-you-go to monthly/annual billing to “bucket” purchases of API transactions to be consumed over time.

What is Apigee in Google cloud? ›

Apigee is Google Cloud's native API management platform that can be used to build, manage, and secure APIs — for any use case, environment, or scale.

What platform is used to monetize API? ›

There are many platforms where API developers can monetize their APIs. These platforms allow API developers to manage their APIs effectively and generate revenue easily. Prominent platforms such as APILayer, RapidAPI, and Zyla API Hub allow API developers to list their APIs and reach a wide audience of users.

Is Apigee paas or SaaS? ›

Aptira designed a deployment architecture for Apigee, taking into consideration the volume of API traffic from the many integration points, Tenancy, Security and Networking. Apigee out of the box supports 2 types of deployment – Software-as-a-Service (SaaS) and the On-Premises version.

What is monetization in Apigee? ›

Using Apigee's monetization feature, you can add a rate plan to an API product. The rate plan lets you charge the developers for using your APIs. You can also configure the rate plan to share your API revenue with the developers.

What are the five key steps of successful monetization? ›

The most successful data companies follow these 5 steps to developing a successful, scalable data monetization strategy: parsing, products, pricing, platform, and partners.

What happened to Apigee? ›

Apigee was acquired by Google in a deal worth $625 million in 2016. Apigee Corp. July 2004, in Santa Clara, California, U.S.

Why did Google buy Apigee? ›

Apigee's comprehensive API platform works as an enabler for this sort of communication, offering secure, stable, multi-language, dev, test, publish and analytics capabilities. This acquisition is an indication of Google's increased focus on corporate clients and its enterprise services offerings.

What is the difference between Apigee and API connect? ›

Both IBM API Connect and Apigee offer flexible pricing models based on usage and features. IBM API Connect typically offers subscription-based pricing with options for different tiers of usage, while Apigee provides a pay-as-you-go model along with enterprise subscriptions.

Which platform is best for monetization? ›

Best Video Monetization Platforms for Creators in 2024 – Expert Reviewed
  • Patreon.
  • Vimeo.
  • Muvi.
  • Dacast.
  • Kajabi.
  • Brightcove.
  • Restream.
  • Video monetization FAQs.
Aug 12, 2024

What do you mean by monetization? ›

the act of changing something into money, or expressing something as money or currency: the monetization of the national debt. The monetization of deficits and debt is generally inconsistent with a fixed exchange rate. the act of making money from something: the monetization of start-up companies.

What is a data monetization platform? ›

A data monetization platform is a technology solution that enables organizations to generate revenue by leveraging their data assets. These platforms facilitate the process of collecting, managing, analyzing, and monetizing data through various channels such as licensing, direct sales, or partnerships.

What is the purpose of Apigee? ›

Apigee is a platform for developing and managing APIs. By fronting services with a proxy layer, Apigee provides an abstraction or facade for your backend service APIs and provides security, rate limiting, quotas, analytics, and more.

Is Apigee a cloud service? ›

Apigee is Google Cloud's fully managed API management solution. Trusted by enterprises across the globe, Apigee is developer-friendly and provides comprehensive capabilities to support diverse API architectural styles, deployment environments, and use cases.

What companies use Apigee? ›

Companies that use Apigee
Company NameWebsiteRevenue
AccuWeatherwww.accuweather.com$231 Million
AT&Twww.att.com$168 Billion
ABN AMRO Bankwww.abnamro.com$8 Billion
Autodeskwww.autodesk.com$4 Billion
1 more row

How do banks monetize API? ›

The Bank as a Service Provider

In this they don't own the customer journey but provide their APIs to third parties to consume for their business. For instance, a bank can open their APIs to a financial technology company that facilitates money transfers across the world and across currencies.

Can you really make money selling APIs? ›

2: Sell Your API Data. Businesses have an additional avenue to generate revenue from their API by capitalizing on the data that is stored, collected, and amassed through it and subsequently offering this information to third-party entities for a good sale.

How does API licensing work? ›

One popular API monetization model is API licensing. With API licensing, companies can charge for API usage and access. This allows them to earn money from their technology investments and data assets. API licensing helps create a sustainable business model around APIs.

How much money can you make with an API? ›

With a API, you can make an average of $391K revenue per year (based on data reported by real businesses). You can start with an initial investment as low as $10. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 12 months.

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