Facebook Credits

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.

Forrest Stroud
Forrest is an experienced, entrepreneurial and well-rounded professional with 15+ years covering technology, business software, website design, programming and more.

Top Articles

The Complete List of 1500+ Common Text Abbreviations & Acronyms

Text Abbreviations reviewed by Web Webster   From A3 to ZZZ we list 1,559 SMS, online chat, and text abbreviations to help you translate and understand...

Windows Operating System History & Versions

The Windows operating system (Windows OS) refers to a family of operating systems developed by Microsoft Corporation. We look at the history of Windows...

How to Create a Website Shortcut on Your Desktop

Website Shortcut on Your Desktop reviewed by Web Webster   This Webopedia guide will show you how to create a website shortcut on your desktop using...

Generations of Computers (1st to 5th)

Reviewed by Web Webster Learn about each of the 5 generations of computers and major technology developments that have led to the computing devices that...

How to Create a...

Hotmail was one of the first public webmail services that could...

NoSQL

NoSQL (Not Only SQL) is a type of database for web applications and...

Zoom

In graphical user interfaces, to "zoom" or "zoom in" is to make a...