Facebook Beta Tests Payment System
Facebook 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.
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