Facebook is widening its domain to become a PayPal rival. The giant social network is road-testing its very own mobile purchasing scheme. Buying items was never so easy as this service will supposedly allow it to become in the future.
Purchase of items and shopping sprees via your mobile phone has been an amenity that has been there for some time now. PayPal, Amazon and Google have all entered into this arena. The latest entrant happens to be none other than Mark Zuckerberg’s Facebook. The mobile buying experience afforded by Facebook is still in its nascent stages. Via credit card codes saved in their Facebook accounts, individuals may purchase items online. Already Facebook was selling Presents and allowing buyouts on its main site page. Now through this route people will be able to have a fully-fledged shopping experience without any unnecessary hassles. The single-click system is very easy to use. And already Facebook has a client, JackThreads and it is willing to sell its items which cater exclusively to young males.
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The fact that you could rent out films on Facebook, as well as buy content, is proof that this service too may prosper provided it is given the right conditions. PayPal is about to get a major rival in the form of Facebook. Google and Stripe are already in the great game of online product exchange in return for cash. Sales made in cyberspace have the advantage that they can be shipped directly to your doorstep. However, the reliability factor is where there have been certain glitches in the system. Facebook will have to learn the ABCs of building an online purchase system though since it is new to the genre. According to AllThingsD, Facebook can launch this service during next month.