Facebook gives up on selling physical gifts |
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Written by Christine D. Johnson |
Tuesday, 10 September 2013 04:39 PM America/New_York |
Facebook did not make an official announcement about the change in sales strategy, “but reports have noted that 80 percent of the sales on Facebook Gifts were already in the form of gift cards,” according to PC World. Funds loaded onto the Facebook Card must be specific to that merchant, but a single card can hold funds for various retailers. Balances can be checked online through Facebook, but it’s up to the cardholder to remember what is on the card. Launched in September 2012, Facebook Gifts has brought in only “a few million dollars of the company’s $1.81 billion in annual revenues,”
reported PC World |