Facebook teams up with PayPal for ads, takes a cut of virtual goods

facebook paypal
facebook paypal

Facebook has now teamed with the eBay-owned PayPal to pay for self-service ads and virtual goods.

Although Facebook was once considering its own pay system, rumored to be Facebook Wallet, those plans appear to be shelved. Facebook said that it was partnering with PayPal because 70% of its 400 million members live outside the United States.