Monday, February 22, 2010

PayPal Scores FaceBok Deal

Facebook will now accept payments for goods and services via the Paypal online payment system, in a move aimed at making transactions easier for small business owners worldwide. Under the new partnership, Facebook will allow companies and individuals to buy advertising for the site via the Paypal transaction system. Unlike regular e-commerce sites, Ebay-owned Paypal allows users to fund a central account via bank debits or credit cards. Vendors such as Facebook then either receive a cheque from Paypal or a direct bank transfer.

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