CODEWITHSUNDEEP
facebook
oshirowanen
oshirowanen

Reputation: 15925

facebook credits

EDIT 1:

Is it possible to withdraw facebook credits your facebook application has received? So the received credits can go into your real bank account?

ORIGINAL QUESTION:

Is it possible to use facebook users credits to pay for items in a facebook app? If it is possible, can someone please provide a link? Also, how does it work i.e. for 10 facebook credits you have to pay £0.16 or something, and if they pay for an item in a facebook app which costs 10 facebook credits, does that mean the owner of the app gets £0.16? Also, is the owner of the app able to widthdraw this money to his back account. If yes, how much does the whole transaction cost the facebook app developer?

Upvotes: 1

Views: 2452

Answers (2)

ax.
ax.

Reputation: 60087

UPDATE 2

as Kurru rightly points out in his answer, facebook credits can be redeemed to developers (just not to users). the Facebook Credits Terms says so, but in a quite convoluted way. better information can be found at Facebook Credits for Developers, incl.

  • How can I get started with Facebook Credits?
  • How much can I redeem a Facebook Credit for?
  • What payment options do Facebook Credits support?
  • What is the process to ensure timely payout for an app that integrates Facebook Credits, as well as additional apps by the same company?
  • Which countries can Facebook Credits currently pay out?".

UPDATE 2 END

UPDATE

https://developers.facebook.com/attachment/FacebookCreditsIntegrationGuidev1.pdf , p. 14:

To build user trust, please follow both the Facebook Credits Terms and Platform Policies, including (but not limited to) the following:

Facebook Credits cannot be..

  1. cashed out into real-world currency
  2. used to enable person-to-person funds
  3. used to sell physical or real-world items

Details (Eligibility, (allowed) Transactions, Redemption, Actions We May Take, Transaction-Related Disputes, Other Terms) are in the Facebook Credits Terms.

UPDATE END

https://developers.facebook.com/docs/creditsapi/ :

The Facebook Credits API enables a user to use credits as a method for purchasing digital and virtual goods within a Facebook canvas application. Please note: the credits api is not yet available for use by external websites but only on canvas iframe applications.

Upvotes: 3

Kurru
Kurru

Reputation: 14331

As the developer you can get paid as detailed here : https://developers.facebook.com/policy/credits/

3.1

When you redeem Credits with us we will redeem them at the rate of $0.10 per Credit, less a service fee of $0.03 per credit redeemed. If we change the service fee or redemption rate, the redemption rate and service fee in effect at the time you accepted a Credit as consideration will apply to that Credit. We will give you 30 days notice on the Facebook Developer Website of changes to the redemption rate or service fee.

Sounds like they basically take a 30% cut off the top. This can't be used to enable money transfers as specified by the previous answer.

Upvotes: 2

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