Users of the hugely popular social game on Facebook, Farmville can expect the ‘Pay By Facebook‘ option to be rolled out sometime this week. The Business Insider reveals that Facebook’s payment gateway integration is so close to being implemented on Farmville that it could have been introduced last week itself.
The payment gateway is expected to be a huge money-spinner for Facebook, the world’s most popular social network that is now inching towards the 400 million registered users mark. However, despite the huge popularity of its application platform, the website itself had only been making money from advertising which did not contribute to much, considering the major part of revenues from gaming were to be made from purchase of virtual goods.
Facebook is expected to charge a 30% commission on transactions over its payment gateway. Despite this high charge, it is believed that developers would be willing to opt in considering the “Facebook stamp”. The Business Insider also notes that gaming app developers like Zynga believe a payment gateway from Facebook will in fact encourage more users to spend money, thus increasing overall revenues from the gaming apps.[via Business Insider]