Home Facebook Credits Update: Faster Payments, Greater International Reach

Facebook Credits Update: Faster Payments, Greater International Reach

On the same day that PayPal announced its peer-to-peer Facebook payments app, it also updated Facebook Credits, the company’s virtual currency for buying goods in games and apps on the site.

Facebook Credits now includes a resolved known pay flow issue, updated payment methods for international markets and an updated transfer policy.

Facebook resolved a known pay flow issue that had significantly slowed payments. This issue dealt with callbacks generated by the Pay Dialog. Instead of receiving a callback “status=settled,” which resulted in some users not getting what they paid for, Facebook told developers to fulfill orders after receiving the callback “status=placed.” This cuts out the middle step so that orders will be fulfilled more quickly. On March 1, 2012, Facebook will eliminate the “status=settled” middle step all together.

Facebook expanded its payment methods worldwide, adding ELV (Germany), MyCard Mobile (HongKong, Macau, Malaysia, Singapore, Taiwan), Visa Electron (Argentina, Brazil, Chile, Colombia, Finland, Hong Kong, India, Japan, Malaysia, Mexico, Netherlands, New Zealand, Singapore, Taiwan, Thailand) and WebBilling Online Bank Transfer (Austria, Germany, Spain, Switzerland). For the full list of payments methods for purchasing Facebook Credits, go here.

Facebook Credits also debuted a new credits policy that “prohibits routing Credits from one app to another app without prior authorization.” Apps that transfer money to each other will not be permitted.

In October, Facebook began testing Credits on outside websites. Earlier in the month, Facebook Credits became available as a payment option on mobile apps except for those running iOS.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.