This version of the application is not configured for billing through Google Play

When I try to run my application with in-app billing I am getting the error: “This version of the application is not configured for billing through Google Play. Check the help center for more information”.

I have the billing permission already in the Manifest file and I have a signed .apk uploaded as a draft onto Google Play and I have also installed that same signed apk onto my phone.

Any help on how to solve this issue?

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