Facebook Deals is Here! (Well, not actually here in Central New York.)

But, as of today, it is launched in San Francisco, Austin, Dallas, Atlanta and San Diego. And social media marketers are calling it “the Groupon killer.”

How does it work?

Users who opt into Deals are geo-served deals via e-mail and news feed. Each deal has its own FB landing page, and users can “Like” it, or buy it immediately with a credit card or – here’s the kicker – FACEBOOK CREDITS.

Mashable said it best yesterday when they wrote that Facebook is “paving a smooth path between a virtual currency and real-world goods and services.”

CRAZY!

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