Facebook Beta Tests Payment System
Posted by Nick O'Neill on December 19th, 2007 12:52 AMFacebook has officially begun accepting applications to be part of the Facebook payment system beta test. I have been speculating about a payment system for a long time. This is a significant move for Facebook and one that will lead to the increase in e-commerce application on Facebook. I have been advising many of my e-commerce clients to hold off on launching anything significant until Facebook releases their payment system.
It appears as though Facebook will be releasing this feature in the coming months. I definitely would like to be part of the beta launch. If you do as well, send an email to jmorgenstern [AT] facebook [DOT] com. I can only speculate for now how this is going to work but this could be a massive shift for social commerce. Many in the industry have discussed the pinnacle of e-commerce being social shopping and much of that will potentially take place on Facebook.
Just yesterday I updated my Facebook status with a link to an entertaining t-shirt that I found. Within an hour, one of my friends purchase the shirt and posted a comment on my wall that they had bought the shirt. Social commerce has extremely powerful potential. Thanks to Justin Smith for pointing this out!
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I already have a paypal system in place, but I can't seem to get the embeddable code for the "Buy It Now" buttons to work.
Anyone have any apps or ideas? I'd prefer something that doesn't make my visitors sign up for some unknown payment service.
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