wordpress blog stats
Connect with us

Hi, what are you looking for?

PayPal To Power Facebook Payments For Ads & Credits

Social networking site Facebook and eBay owned online payment service company PayPal have tied-up to enable PayPal services in Facebook’s advertising and developer systems. As per the agreement, advertisers on Facebook will be able to use PayPal to pay for Facebook Ads through the company’s online advertising tool. The company claims that due to this partnership businesses in ares where payment process are difficult and expensive, PayPal will make it easier for advertisers, especially small international companies.

PayPal will also power payment options for Facebook Credits, which users use to buy virtual goods like gifts on Facebook. PayPal appears to be currently only available to a small subset of Facebook users.

PayPal has 81 million accounts in 190 markets and 24 countries , Facebook has more than 400 million users with 70 percent outside the US, so the opportunities for both are immense. According to the site, currently only credit cards and co-branded debit cards (VISA or MasterCard and American Express, Discover or JCB for certain currencies) are the accepted method of payment. For buying Facebook credits, there is an additional option besides credit cards of buying credits through your mobile phone powered by mobile payment provider Zong.

PayPal due to restrictions by RBI on online wallets had to abruptly stop its P2P payments and withdrawal from Indian banks  for users attempting to send money from and to India. Will Facebook choose another online payment firm for India?

Related:
Updated: eBay’s PayPal Disallows P2P Payments, Transfers To Local Banks
TimesOfMoney Plans Prepaid Payment Card, IVR Shop; On DirecPay
RBI Finally Takes Up The Issue Of Internet Wallets And Cash Cards In India
Nokia Partners YES Bank To Launch Nokia Money In India; Pilot Begins In Pune

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ