Facebook Now Accept PayPal

Facebook, undoubtedly the biggest social network at the minute, has been promoting and ramping up its ‘credits’ system over the past year or so. These ‘credits’ afford users the opportunity to use real world money to purchase gifts, apps and songs which can either be used by themselves or given as presents to other Facebook users.

Now, they are allowing users to pay with PayPal, which has in excess of 80 million users. Previous to this one could only purchase Facebook credits via credit card or by using their mobile phone. By intergrading with PayPal, Facebook will undoubtedly allow more people to use the service, particularly young people who may not have access to a credit card themselves but do have a PayPal account.

Recent speculation as to whether Facebook would be opening their own payment service to compete with PayPal have pretty much been put to bed with this recent update. Many people said that you would soon be able to “pay with Facebook” on eCommerce sites. However, it seems unlikely that Facebook and PayPal would be cooperating on such a big revenue-making deal whilst one party was plotting the downfall of the other.