Facebook Turns on PayPal for Ad Payments
Back in February, as speculation built over how Facebook was going to work with PayPal (or compete with it), the two companies announced a formal partnership. Facebook would provide PayPal as a payment option in its Credits virtual currency, and it would do the same for its performance advertising system.
Now, the Ads payment integration is rolling out for all customers. PayPal is used by millions of people around the world, presumably including a good number of people who manage Facebook advertising campaigns — the news today will make paying easier for them, and maybe even get them spending more money.
For more on PayPal, Facebook, Credits, and payments, be sure to check out this guest post from early PayPal executive David Sacks.
June 25th, 2010 at 12:05 pm
[...] Source [...]
June 25th, 2010 at 6:31 pm
Draft Media Release—Confidential
“It is with very great sadness that eBay’s Chief Headless Turkey, John Donahoe (aka “Peter Principle”—among many other derogatory terms), announces the probable demise of eBay’s most ugly daughter, PayPal. PayPal is about to be stricken by particularly virulent strains of Visa+CyberSource and Mastercard open platform, aggravated by an insurmountable lack of direct financial institutions participation and a great deal of PayPal user/merchant dissatisfaction, particularly with respect to PayPal’s grossly unfair, “all responsibility avoiding” UA, primitive risk management processes, and totally unprofessional, buyer-biased, fraud-facilitating, transactions mediation.
“PayPal’s health may therefore be expected to deteriorate and, if ultimately not completely incapacitated, will most likely be eventually confined to its mandatory offering on what little there will be by then left of the Donahoe-devastated eBay marketplaces. There is no cure for this condition, and the “eBafia Don” is particularly saddened by the inevitable presumption that it is unlikely that PayPal will be able to continue to underpin eBay’s sagging bottom line in the future.”
Also, in Australia, unlike all other payments processors operating here, PayPal has declined to sign up to the payments processors’ “Code of Conduct”. Users beware!
A detailed examination of and prognosis for PayPal (including a further link to the “PayPal Nightmare Tour”) at
http://www.auctionbytes.com/forum/phpBB/viewtopic.php?p=6504554
June 25th, 2010 at 9:47 pm
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