Facebook Announces PayPal Payouts to Developers for Credits Revenue

Facebook announced this morning that developers signing up for Facebook Credits now have PayPal as a payout option, increasing the flexibility developers have for monetzing apps through Facebook Credits.

This is of particular importance to developers in countries where PayPal is really the only trusted payout option for developers. Payout is the means by which a developer converts in-app currency exchanges to real money that the developer can then deposit into its bank accounts. Facebook says that the PayPal option now doubles the number of countries where developers can begin integrating Facebook Credits to 22 countries total, including Turkey, India and Japan.

Facebook Credits has been a slow road for certain social game developers in the last nine months between apparent reluctance and technical issues. The mandatory integration deadline for Facebook Credits within social games is July 1. It is not clear if Facebook will extend the deadline for remaining countries that are experiencing difficulties with integration tied to payout complications. PayPal currently serves over 190 countries.