Now you can ‘Pay with Facebook’

Facebook has just launched the first live integration of its payment service for applications, a first step toward what could become a major new source of revenue for the company.

Tis payment system, called “Pay with Facebook”, is now live in fbFund-winning application GroupCard. In this app, users can purchase premium items for anywhere ranging from $3 to $25, which can then paid for with any major credit card or users can also use Facebook credits. Facebook credits are the first payment option listed in the user interface.

Clicking on the “Pay With Facebook” button pops open an overlay which asks you to confirm payment via your Facebook Credits. $2.99 card costs 30 Facebook Credits.

Facebook could potentially add several million dollars to the bottom line simply by capturing a small piece of the overall market.

As Facebook is starting to roll out its virtual currency payment service to platform applications, demand for Facebook credits will increase dramatically and it can yield a great revenue to Facebook.

Facebook uses SSL technology to securely transmit the credit card information. In addition, credit card number is kept  private; it is never shared with the application.

There  is a security team that uses state-of-the art technology and around the clock monitoring to ensure that your information is secure on our site and in full compliance with all regulations and security practices.

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