Facebook will now use PayPal to offer its advertisers and users, a way to make payment to it.

Facebook has recently crossed the 400 million global users mark, recently notified that its advertisers around the globe would soon be able use PayPal to pay for the Facebook ads.

This will surely make it convenient for small global companies to run their campaigns. Isn’t it?

Apart from this, PayPal will also an option for Facebook credits, which is a trial system that allows the users to purchase virtual goods that are currently being tested in games and applications.

Now what does Osama Bedier, PayPal’s Vice President of platform and emerging technology has to say on this? “We’ve always been an important part of the developer ecosystem on Facebook, and we’re excited to expand our relationship directly with Facebook to help grow advertisers and developers’ business.”

Earlier this month, a US analyst claimed that the payment system of Facebook was proving lucrative and it has been predicted that it will bring in revenues between 125 m dollars and 250 m dollars this year.

PayPal was brought in by eBay in the year 2002 for 1.5 billion dollars; begin its ad account this week.