Monday, May 30, 2011

What Are Facebook Credits - Social Media

Have you wondered what are Facebook Credits? Facebook Credits are virtual currency that you can use to buy applications, games and so on. The purchases are done only on Facebook via logging in to your Personal Profile.

You can own these credits by purchasing them. This purchase can be made via your PayPal or credit cards. In short your Facebook Credits can be purchased via real currency which is transferred online.  

If at all you wish to know what how much Facebook Credit you have or what is the balance then go to your 'Payments' Tab via your Account Settings. You can buy your Facebook Credits from this same tab of
'Payments'.

Facebook Credits were first introduced in alpha stage during May 2009. Post this in February 2010 the beta stage was brought in which lasted till January 2011.
The Facebook Credits have grown in size and popularity. In March 2011 a subsidiary was created to handle payments due to its large size. The subsidiary is called Facebook Payments Inc. Currently there are approximately 150 developers who encourage use of Facebook Credits in more that 650 Facebook games and applications. This represents approximately 70% of virtual goods purchase on Facebook.

Do you use Facebook Credits? Share your experience here.


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