Facebook end-up for credits

Facebook end-up for credits

Facebook users now no longer have to dabble in credits to buy virtual goods on the social network. 

As per the Thursday news Facebook has officially transitioned its payment system from credits to local currency means in user country currency. Facebook introduced its credits virtual currency to try to simplify the online payments in their network a few years ago but it made the process more complex for developers and user. By now moving to local currency may expect to remove these type of complexity. By this, developers can factor in local currencies in their apps and virtual goods to better price them for international markets means like for only Rs99, $99 like that. User can determine the true and fair value of item without worrying about ever changing currency rates.

Developers has migrated their app to offer local currency payments by using Facebook’s API.

Simpler means easy also mean developer may offer more virtual item and more users can make use of it. As a result, Facebook can earn 30% cut on each Purchase or transition.