"GTA Online"
Rockstar announces microtransactions will happen in "Grand Theft Auto Online." Rockstar Games Screenshot/News

Rockstar officially announces microtransactions for the upcoming "Grand Theft Auto Online" title. After weeks of rumors, the gaming company confirmed the existence of paid-for cash packs in "GTA Online" via a blog post on Rockstars Newswire. Rockstar reassured fans that the game is balanced, so cash-packs are not a necessity. The company also admitted that purchasing in-game cash will get you certain items quicker. In the blog post by Rockstar, the gaming company gave gamers scenarios on how to obtain cash, writing:

"You can either quickly accumulate cash through profitable activities like knocking over armoured cars, winning street races, doing stick-ups or a host of other cash-making endeavours," Rockstar wrote, "Or if you're the completely instant gratification type, you can choose to buy denominations of GTA$. The game and its economy have been designed and balanced for the vast majority of players who will not buy extra cash. There is no in-game paywall and nothing that should disrupt the balance of the game. You don't have to spend real money to attain the cars, guns, clothes, flash and style of a high-roller in Los Santos, but can if you wish to get them a little quicker."

With the purchase of these in-game cash packs, gamers will get access to multiple features such as: Content creator -- which allows you to design your own death matches and races that will also give users a capture the flag mode later down the line. Other upcoming content includes the Beach Bum Pack, which includes four new beach vehicles, 300 plus items of leisure wear, and two new weapons and heists.

There are four "GTA Online" currency cards that were spotted yesterday on Reddit that have yet to be announced, but if the post is correct then the prices of the in-game cash packs will look something like this:

$100,000 Red Shark Cash Card - $2.69

$200,000 Tiger Shark Cash Card - $4.71

$500,000 Bull Shark Cash Card - $9.44

$1,250,000 Great White Shark Cash Card - $18.21

Very odd prices we know, but they are converted from euros so when the U.S. charts come out they may look a little different, but this at least gives you an idea of how much it will cost.

More information and details about microtransactions and "Grand Theft Auto Online" will be revealed before the launch October 1.

Related: 'GTA 5' Release Date News: 18 Cheat Codes And Many Achievements Have Been Leaked Online For The New Game

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