[trotsky]

Right now the vast majority of Credits are spent on gaming, but it’s very likely that Facebook will eventually begin allowing third-party websites to offer a ‘Pay With Facebook’ option, and that may include everything from digital content to physical goods.

Why would physical goods sellers use an upstart payment platform that takes a 30% transactional cut when there are tons of established financial firms who will do the transactions for 3%-5%?

I mean the fact that they are making this mandatory means that they can't even organically convince vendors who are selling virtual goods on facebook's own platform. Surely this is facebook worship hand waving.

[msy]

I guess the idea is that if FB has your card details it'll be a bit like Facebook Connect and will lower transaction friction. Which is exactly what Paypal does. Except - and it's quite incredible really - as a purchaser I'd trust Paypal much more than I trust Facebook, I don't want my purchase history being sold along with all my other personal data thankyou.

The idea of trusting something less than Paypal is amazing, go Facebook!