Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Nothing. Facebook credits are not a money transfer system, it's whats known as a 'closed loop' system. If they opened it up so that anyone can take a payment with a facebook credit and receive dollars then they would start to fall under the money transfer arrangements and would require these restrictions.

I don't think $500k is much of a barrier to them getting into this business however...



Can't anyone build a Facebook app that takes payment in Facebook credits, and then cash out that payment into dollars?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: