Among its many other moves to get ahead on the social network circuit, Facebook has now introduced a scheme by which its users can make payments for their online purchases through Facebook.
This is also one of the steps the site is taking to generate for more revenue for itself, which should definitely make their investors happy. According to Silicon Alley Insider, the introduction of an ad network is another step they are taking with the same goal in mind.
TechCrunch spotted a ‘Pay with Facebook’ button on the Group Card application. This new system for payments will be available to all accounts that use Group Card.
This new button is similar to the Facebook Connect button, which had been introduced a while ago.
When a user clicks on the ‘Pay with Facebook’ button, an overlay opens, asking the user to confirm that he/she wishes to pay through his Facebook credits.
Other payment modes, such as Visa and MasterCard will continue to be available to users.
This service will shortly be extended to other applications as well.