Facebook Plans To Test PayPal Like Mobile Payment Service

Facebook has made it possible to purchase a number of real-world goods such as the ability to rent movies as well as send gifts that will get them a cup of coffee or music through iTunes, but the popular social networking service says they will be trailing a mobile payment system. The trial is expected to take place in about a month and offers a similar experience to PayPal.

The payment system will ask Facebook users for keep their credit cards on file, which they’ll just need to log in to their Facebook account in order to make purchases inside of a mobile application. Facebook doesn’t mention how long its trial will run for, but during that time, they will only be supported by JackThreads.

If things go well and Facebook decides to launch its mobile payment system, it would give the social media service a pretty big hold in the e-commerce world, that is, as long as Facebook users trust their credit card information with the service to begin with. Considering how many users have concerns about security on Facebook for several years now, we think it’ll take a lot of convincing for users to partake in Facebook’s latest service.

This article was filed in Homepage > Cellphones > Shopping > Tablets > Web and was tagged with Facebook and paypal. The story was spotted on allthingsd
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