Facebook Credits 'Pay Later' Option: Virtual goods on layaway?
Players can even loan out more FB Credits after initially skipping a payment, adding to their debt. Though, on subsequent purchases you're given the option to pay off that balance. However, players can only repay their debt using an automated payment method like a credit card or PayPal account, which is part of the point. The idea behind this new feature seems to be to entice new players to eventually provide Facebook with their credit card information. More importantly, with this program Facebook could transform non-purchasers into instant buyers.
According to Inside Facebook, there is currently no repayment period nor are there any repercussions for remaining in debt. Well, aside from potentially ruining your credit score by racking up hundreds of dollars worth of Horseshoes. But who's to say players won't simply create multiple accounts to loan out virtual goods with, only to later close the accounts? Not to mention that this could spell doom for parents who let their kids game on their Facebook accounts (stop that, will ya?).
[Image Credit: Inside Facebook]
Would you ever take advantage of this "Pay Later" method? How do you think this will pan out for Facebook? Sound off in the comments. Add Comment.