Facebook Payment Platform Coming?

Facebook Updates Payment Terms In Preparation For Payment Platform Launch.

Facebook has decided to post its payment terms to the Facbeook Governance page and is open for user feedback for the next 3 days.

While the initial payment system on Facebook will only be a beta test, the company is expected to finalize testing and roll out an official payment API in the coming months.

Could this finally signal the payment system that Facebook promised us back 2007?  I can already see developers salivating.

May 27, 2009 4 Comments ,

  • http://www.adelph.us/ william

    facebook is a closed source content trap that takes from developers, members and their commnites and gives nothing in return…The “Value” of the the facebook “Technology” is far exceeded by the value of the content,development, and engagement time of its members. And for this value facebook is worth billions and the members, developers, and community that have given them this value receive nothing but rude childish behavior from the facebook “boy” king.

    If Facebook is worth 10 billion; what precetage of this value comes from the members ?

    Oh….on the payment system that they are building….We have had this in place for about a year….and when we were thinking of revenue models, we put the members in the equation first. …It is not how you the company can extract wealth and value from your members; it is more about how you can give your members an equitable portion of the value that they bring.

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