PAYMENT SYSTEM NOT A LEAF IN FACEBOOK

e-bay CEO John Donahoe has said that facebook will not make it’s own payment system challenging market leader PAYPAL.He has further added that paypal’s technology is so hard to replicate as it deal with banks and financial institutions ,creating fraud protection,to any number of challenges.

according to donahoe,it would be a headache for facebook to create it own payment gateway and it is very much unrealistic for them to acheive in a quick time.

PAYPAL, is powering FACEBOOK micro-payments as of now.

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