Facebook had introduce new gift credits system. Other than Facebook’s advertising business, Facebook also been selling millions of gifts annually to it users via the Facebook payment system. Previously, virtual gifts cost $1 per gift and now Facebook had announced that the system would change to a credit based system. Gifts will cost 100 credits based on current system. This moved will help facebook to manage accounts in different currencies.

The Facebook gift shop offers nearly 400 gifts, ranging from digital flowers to online depictions of Frisbees and birthday balloons. With the new system of credits, gifts that were previously listed at $1 apiece will now sell for 100 credits. The change is automatic and doesn’t require any actions to keep participating. One hundred credits can be bought for $1 and facebook making this change without raising or lowering prices on existing gifts.

If you currently have unused prepaid gifts from before, it will be converted each one into 100 gift credits.

via [facebook blog]

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