A form of virtual currency in Facebook that can be purchased (with real money) in order to acquire virtual goods and services within a variety of Facebook Apps and Games. Facebook credits can be purchased using a credit card, PayPal account, mobile phone, Facebook Credits gift card or one of more than eighty other payment methods, and the credits can be used on any game or app on Facebook that supports Facebook Credits.
For developers, Facebook Credits operate on a payment model similar to Apple's App Store and Google's Google Play (formerly Android Market) mobile app stores, with developers keeping 70% of the revenue generated from virtual goods transactions using Facebook Credits.
In a rather surprising move, Facebook announced in June 2012 that they would be phasing out the Facebook Credits system. While the social networking site is dropping the Facebook Credits name, it plans to retain its payment processing system and will enable developers to use their own in-app virtual currencies instead of Facebook Credits as well as charge subscription fees for apps.
Because nothing says "I Love You" Like an open source app. Read More »Guarding your Data against Cyber Attacks
In this new era of heightened stakes comes an increased need for a comprehensive security strategy. Let's take a look at how cyber-threats have... Read More »The Great Data Storage Debate: Is Tape Dead?
Tape clearly is on the decline. But remember, legacy systems can hang for a shockingly long time. Read More »
A network is a group of two or more computer systems or devices, linked together to share resources, exchange files and electronic communications.... Read More »Computer Architecture Study Guide
This Webopedia study guide describes the different parts of a computer system and their relations. Read More »Webopedia Polls
The trend for the past two years has been for shoppers to spend more online during the holiday season. How do you typically shop for holiday... Read More »
Stay up to date on the latest developments in Internet terminology with a free weekly newsletter from Webopedia. Join to subscribe now.
- Watch Datamation's editor James Maguire moderate roundtable discussions with tech experts from companies such as Accenture, Dell, Blue Jeans Network, Microsoft and more »