Facebook, PayPal Join Hands For Virtual Payments

All Farmville-ERS, Mafia, fishermen and other stakeholders on Facebook, you can now buy virtual items with PayPal. Popular social networking site Facebook has tied with PayPal for advertising and system developers. These “strategic relationship” to PayPal as a bridge between the common payment methods, advertisers, Facebook users and Facebook. Through this partnership will provide PayPal Facebook Facebook a new feature called Facebook loans that are used for virtual items from games such as Good could buy Aquarium Restaurant City and others.

Farmville Facebook Fishville and Mafia Wars are just a few of the many popular games that are played all over the world. Thus, the player can buy credits using PayPal Facebook and earn virtual items for these games. Yes, we see a phenomenon of Second Life observed.

In this way they will be cut and Facebook, of course, game developers get their share. Considering the number of users playing online games on Facebook, it can be assumed that the expectation of significant revenue for social networking. Although Facebook encountered some security problems in recent months, the department has to be strengthened to protect the confidentiality and security. Advertisers would be able to get PayPal to buy and then Facebook Ads. In both cases, that big money from ads and Facebook apps (read: games). Enterprise Search Marketing eMarketer predicts that ad spending on Facebook to reach 605 million U.S. dollars this year. That is not good news for the Indians, because we already know that PayPal has to contend with some problems with the Reserve Bank of India. For this reason, all payments have been blocked to and from India through PayPal.

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