Last Minute Gift Ideas: Facebook Is Now Selling Gift Cards

Just a quick link to share this timely article in case you’re out of ideas for your 8-year-old niece or nephew. You can buy Facebook Credits at your nearest Target store. This story from Variety discusses the new giftcards and the general trend of increasing popularity of virtual items and currencies.  And with cross-compatibility with a lot of Facebook games, including Zynga games, the gift of Credits will be sure to please even the most discerning kid, tween, teen, adult or grandparent on your list.  Yes, you read that right.  My wife’s aunt and grandmother are both avid Farmville farmers, so there’s really no age limit to Facebook Credits.

So far, Credits are still a one-way purchase, that is to say, there’s no official way to change them back out for real currency or trade them to a friend if you decide you’re done with them.  I’ve looked through the Facebook help page, but I don’t see anything on trading.  Would an open market for Credits be a good thing or could it lead to more Chinese “gold farms”?  My suspicion is that the prospect of credit farming inflation will keep the credit market a one-way street.

One last thought: how will state gift card laws affect the Credits?  Will they be allowed to expire if they go unused for a period of time?  What about fees?  Any protection if the account is hacked or breached?  Serious questions that I don’t see addressed yet.  I’ll be keeping my eye out.  If you’ve had any issues with the Credits, I’d be interested to hear how the matter got resolved.  Until then, happy shopping!

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About Justin Kwong

An attorney in the Twin Cities and adjunct professor at William Mitchell College of Law where I teach a seminar on the law of virtual worlds.
This entry was posted in Social Networks, Uncategorized, Virtual Currency, Virtual Items / Virtual Goods and tagged , , , , , , , . Bookmark the permalink.

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