As look as you are not collecting payments using Google's in-app payment 
systems, but using a separate mechanism, you should be fine. For example 
(not necessarily an acceptable solution for you), I believe you should be 
able to use Paypal to collect an in-app payment. In such cases, you should 
not have to list your content using google's in-app feature. Anyhow, as 
TreKing says, for definitive answer, you may like to seek legal opinion.

On Friday, August 31, 2012 3:59:43 PM UTC+5:30, Attano Learn wrote:
>
> Hi,
> We want to have an inapp store for our app which deals with eBooks. We are 
> based out of India.
> Google currently does not have merchant account supported for India, 
> neither does it support in app content display in INR (Indian Rupees) 
> Pricing. In this case can we build our own inapp store with our own payment 
> processing system or we still have to list our content through Google 
> in-app feature?
> -Team Attano
> www.attano.com
>

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