Paypal as payment processor in Facebook’s new currency?

Asked By christ hilyard 10 points N/A Posted on - 06/21/2012

After Facebook transformed its "Credits" system into our local currency; Will they accept Paypal as payment processor?

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Answered By Paul Eliott 0 points N/A #154022

Paypal as payment processor in Facebook’s new currency?

Facebook created a basic advertisement, its virtual coin credits is to end up being veritable cash, for example bucks, pounds, or rupees. In spite of this being a clearly straightforward perceives, a part might be perused into this arrangement.

It indicates the social system searching for supplemental routes to acquire coin furthermore proclaiming, and it indicates the ensemble's object to develop as an installment stage leaving on a comparable way to Apple with its iTunes archive.

Facebook express it hasn't yet resolved if its newfangled money being tested by about 100 associates will trade credit cards and alternate utilities to come to be the just installment choice on the locale. Facebook doesn't take a cut out of any of the proposed alternate installment strategies, the most well known of which, credit cards, charge expenses as level as 3%

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• Posted on - 06/24/2012
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Answered By Sharath Reddy 590495 points N/A #154023

Paypal as payment processor in Facebook’s new currency?

It’s true that you can now use PayPal as payment method in Facebook whenever you buy something from the social networking site like virtual coins, virtual credits, and others.

Since I don’t do any purchasing from the site, I really don’t have any idea on how it can be done since checking the payment section of my account only displays credit card payment options. And if you’ll be using a credit card for any payments in the future, PayPal is out of the way.

But after doing some clicking on the site, I finally found how you can attach PayPal in your Facebook account as payment option. But before this could happen, the most important part is, you need to have a PayPal account. If you already have an account, here’s how you can set things up:

• Login to your PayPal account.
• Next, go to Profile then More Options.
• Go to My preapproved payments then click Update. You should see next Facebook listed as one of the merchants.
• Click Set Available Funding Sources.
• Select the funding source you want to use on Facebook then click Save.

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