Snapchat's lens store: you now have to pay for new photo filters.

Snapchat Wants You to Buy Its New Selfie Filters

Snapchat Wants You to Buy Its New Selfie Filters

Business Insider
Analyzing the top news stories across the web
Nov. 13 2015 12:24 PM

Snapchat Wants You to Buy Its New Selfie Filters

DV1853753
Just in case the free ones weren't doing it for you.

Photo by PETRAS MALUKAS/AFP/Getty Images

This post originally appeared on Business Insider.

Snapchat has just unveiled the "lens store," a place where users can buy additional photo lenses for $0.99. The company will continue to offer free lenses every day, but there will now be a further 30 which, if purchased, will stick around forever, according to The Verge.

Advertisement

Snapchat's lenses have proven incredibly popular so far, appearing in over 10 million snaps every day. According to Snapchat, geo-filters (such as "London Life") appear in around one million photos per day.

Snapchat currently has 100 million users.

Photo lenses can be branded and Snapchat is working on partnerships with clients, such as EON Productions (who made "Spectre"). According to Re/Code, Snapchat—which is valued at $16 billion—is aiming to bring in $50 million in revenue during 2015.

The move comes after Fidelity, a mutual fund, wrote down its investment in Snapchat by 25 percent. After the company rejected a $3 billion offer from Facebook, there has been a real drive to increase the revenues of the company alongside usage figures.

Advertisement

Snapchat has previously charged a small amount to "replay" multiple snaps after the 10-second timeframe has elapsed and it would appear that the company is now expanding into other areas.

The ability to buy lenses is being rolled out to the United States, Canada, the United Kingdom, Australia, Brazil, and Saudi Arabia (alongside other un-named European countries), according to Snapchat.

The update is live in the App Store.