The social network's 4-year-old currency will be laid to rest in 90 days. (Credit: Facebook) Facebook said Wednesday that it will no longer support Facebook Credits, a virtual currency specific to the social network, as of September 12, 2013. Developers, instead, will need to migrate their applications to local currency payments using the company's just-released API. The complete payments switch, a year in the making, is meant to help developers better price their virtual goods for international markets, as well as simplify the purchase process for buyers. Related posts Facebook post about hungry child gets school bus driver fired RNC picks Facebook engineer for first CTO Parents lack bandwidth to monitor kids' online activity, says study "Local currency payments gives developers much more control over their pricing and payments," Software Engineer Yongyan Liú wrote in a blog post. With the local currency payments API, developers can set prices for in-games items by market, price items dynamically, and speed up in-app transactions, he said. Facebook Credits were introduced in 2009 and became the de facto payments system for games running on the social network. The model, however, proved overly complex for app makers who wanted pricing flexibly or already offered their own in-game currencies.
The social network's 4-year-old currency will be laid to rest in 90 days.
(Credit: Facebook)
Facebook said Wednesday that it will no longer support Facebook Credits, a virtual currency specific to the social network, as of September 12, 2013. Developers, instead, will need to migrate their applications to local currency payments using the company's just-released API.
The complete payments switch, a year in the making, is meant to help developers better price their virtual goods for international markets, as well as simplify the purchase process for buyers.
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"Local currency payments gives developers much more control over their pricing and payments," Software Engineer Yongyan Liú wrote in a blog post. With the local currency payments API, developers can set prices for in-games items by market, price items dynamically, and speed up in-app transactions, he said.
Facebook Credits were introduced in 2009 and became the de facto payments system for games running on the social network. The model, however, proved overly complex for app makers who wanted pricing flexibly or already offered their own in-game currencies.
