In-App purchase product not found

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I'm trying to test in-app purchases in demo app. But when I'm press "Buy" button, message "Product not found: com.company.inappdemo.test" appears.

I'm sure that Bundle ID and Product ID is right. What else can be wrong and cause an error?

P.S. Link to guide, that I used as an example. http://www.techotopia.com/index.php/An_iOS_7_In-App_Purchase_Tutorial


Solution >>>

Contract, tax and banking should be filled and approved to use any in-app purchase operations, including testing.

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