Showing posts with label facebook payment. Show all posts
Showing posts with label facebook payment. Show all posts

Wednesday, June 3, 2009

Facebook brings in payment system

Facebook has begun tapping a new revenue stream with the introduction of an internal payments system, a move that might help the fast-growing social networking website achieve profitability while being less reliant on advertising.

The long-rumoured payments system, which is in its early stages, will allow users to purchase Facebook “credits”, then use those credits to buy virtual goods from the third-party applications that run on the site, or from Facebook itself.