How to Add In-App Purchasing Elements to Your iOS App
About 90% of apps in the App Store are free nowadays, leaving developers to rely on in-app purchases to make money from their apps. To help you add content for sale within an iOS app, Apple requires a series of steps including filling out a contract and sharing your tax and banking information. Once you get the paperwork out of the way, you must configure your Apple ID for in-app purchasing and install a new development provisioning profile.
Once that is done, you can go into the “Manage In-App Purchases” feature in iTunes Connect to creating in-App purchase products. Here
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