USA Today reports that Facebook Credits will be available as gift cards at Target.
The new Facebook gift cards will be available in values of $15, $25 and $50 at all of Target’s 1,750 retail stores and at Target.com. Two or three more national retailers will start selling the cards in coming months.
The article goes on to report that cards for online games such as Farmville are already available and that the overall market for gift cards was $80.6 billion last year.
I wonder how the gift card economy works. Does facebook get to book revenues for gift card sales before they are re-deemed? How are gift card sales classified for taxes? If you sell gift cards in other currencies, does the gift card revenue get counted towards the US GDP?