How to monetize an API

I am looking to monetize current API by charging customers for usage. The Azure API Management portal doesn't offer billing and payments functionality so I am wondering how others are charging for API usage. Any recommendations on how to implement pricing
rules, invoicing, credit card processing for API usage within the Microsoft Azure realm is appreciated. Thanks.

Thank you for your quick reply, Miao. I was looking for a more managed way of doing this w/o much development effort, such as how this API management portal does:
"Define and setup pricing rules to access your API resources, Generate invoices every month and accessible via API, Handle multiple types of credit card for payments"
http://www.3scale.net/api-management/monetize
Do you think Azure API Management portal will offer these kind of monetize features?

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hi rajeshkelam,
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And how exactly is that related to Sun or Java? Ask them.

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check out these weblogs, it should give you an idea how to go about it.
/people/ignacio.hernndez/blog/2006/12/04/speech-synthesis-listen-the-application-server-is-talking-to-you
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Hi,
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FtroopSon wrote:
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Winston

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http://drupal.org/node/751826
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