Relative to video games, virtual goods are purchased through micropayments (microtransactions) or Direct Payments. These transactions occur through online payment services like PayPal direct credit card payment on a game company’s website.
The price range of Virtual Goods is quite broad, though a typical range is anywhere from a few cents to to $20. These online goods can be anything from an in-game weapon, vehicle, or game currency (gold or points).
Players often refer to Virtual Goods as "in-game items."
Examples of usage:
- "Virtual Goods are really driving up our revenue for this game."
- “If you don’t have a lot of time, buying In-Game Items is a quick way to get some sweet in-game loot."
References: http://en.wikipedia.org/wiki/Microtransaction. Retrieved on 6/8/2012.