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Monetization supports event notifications that enable you to:

- Notify all developers about events such as new API products, versions of T\&C's, or rate plans.
- Notify specific developers about events such as when a new revision of a rate plan is published or a percentage of their target number of transactions is reached (if they purchased an adjustable notification rate plan).
- Notify an API provider about developer-related events, such as when a developer registers for an account or when a developer purchases a rate plan.

Monetization provides the following methods for setting up notifications.

| Method | Description |
|---|---|
| [Notification templates](https://docs.apigee.com/api-platform/monetization/set-up-notification-templates) | Monetization provides a set of notification templates that define sample text for various types of notifications. You customize the notification templates and configure the conditions that trigger the notifications to be sent. |
| [Webhooks](https://docs.apigee.com/api-platform/monetization/set-up-notification-webhooks) | A *webhook* defines an HTTP callback handler that is triggered by an event. You can create webhooks and configure them to handle event notifications. |

The following table summarizes additional tasks that you can perform to set up and test notifications using the monetization API.

| Section | Description |
|---|---|
| [Set up notifications based on combined transaction totals for a company and its developers](https://docs.apigee.com/api-platform/monetization/combine-rate-plan-transaction-totals-company-and-its-developers) (API only) | Set up notifications to be sent that are based on combined transaction totals for the company and its developers. |
| [Set up a limit notification for a rate plan](https://docs.apigee.com/api-platform/monetization/create-limit-notification-rate-plan) (API only) | Notify developers through email when they're nearing or have reached a certain limit of a Volume Banded or Bundle rate card plan they've purchased. |
| [Test notification setup](https://docs.apigee.com/api-platform/monetization/testing-monetization) (API only) | Monetization provides a set of APIs that you can use to test your notification setup. |