The move is primarily aimed at making it easier for international advertisers to purchase Facebook Ads, but it will also give Facebook users another option for buying Facebook Credits, which can then be used to purchase virtual wares in the site’s gift store.

“We want to give the people who use Facebook, as well as advertisers and developers, a fast and trusted way to pay across our service,” Dan Levy, director of payment operations at Facebook, said in a press release. “As our business has grown, offering local methods of payment has become increasingly important for advertisers who want to buy Facebook Ads. Teaming with PayPal, a global leader in online payments, makes this possible.”

Another thing it will make possible: Increased revenue. As J.P. Morgan analyst Imran Khan noted in a research bulletin issued after the announcement, “More than half of US internet users now use Facebook, and globally the site represents ~5% of all time spent online. Additionally, we think social games generated more than $500M in revenue in F’09, and the sales of virtual goods and premium services are a key part of the revenue model for such games–one which we think has been constrained by the shortage of straightforward payment options.”

Liberal advocacy group MoveOn.org launched a campaign yesterday against Facebook’s “Beacon” advertisements, which transform member transactions on third-party partner sites into product/service endorsements and insert them into their friends’ “news feeds.” Facebook members, or should I say “fansumers,” are automatically opted-in to the program, and while they are offered the chance to opt out, they can do so only on a case-by-case basis.

MoveOn considers that to be a glaring violation of privacy and has launched an online petition protesting it. “Facebook users across the nation are outraged that the books, movies and gifts they buy privately on other sites are being displayed without permission to lots of people–and Facebook needs to reverse this massive privacy breach,” MoveOn.org spokesman Adam Green said in a statement. “They should respect privacy by switching to an opt-in process like most other Facebook applications, not opt-out–which was solely designed to benefit corporate advertisers.”

Facebook, of course, says it’s not violating anyone’s privacy. “Information is shared with a small selection of a user’s trusted network of friends, not publicly on the Web or with all Facebook users,” the company said in a statement. “Users also are given multiple ways to choose not to share information from a participating site, both on that site and on Facebook.”

Of course they are. But as Forrester’s Charlene Li notes, they’re easily missed and don’t give users nearly enough control over their behavioral data. “The biggest problem is the lack of transparency,” Li explains. “Facebook is right in that I would really like to have some things that I do on third-party sites to conveniently appear in news feed, e.g. events I’m attending from Evite or eBay/craigslist listings so that my friends know about them. That’s the promise of Beacon. But I need to be in control and not get blindsided.”

Facebook ushered in a new era of socially networked advertising this afternoon, announcing Facebook Ads, a new advertising program that allows businesses to use information about Facebook members to deliver targeted ads.

The new program is threefold: First, it allows advertisers to create profile pages for their brands and Facebook users to add them as friends, making themselves “fans” of companies (Think of it as ‘Zombies,’ but with Coca-Cola and Blockbuster …) . Second, it makes it possible for users to “share” marketing messages with friends via Social Ads – advertisements served up in concert with related actions users have taken on the site. Finally, it provides advertisers with data on the interests of the social-networking site’s millions of users. The system doesn’t yet allow for the display of advertising on other sites, but you can be sure that’s coming.

“Facebook Ads represent a completely new way of advertising online,” Facebook founder and Chief Executive Mark Zuckerberg told an audience at the ad:tech marketing conference in New York. “For the last hundred years media has been pushed out to people, but now marketers are going to be a part of the conversation.”

The, ahem, “conversation” will begin with 12 major advertisers. Among them, Blockbuster, CBS, Chase, the Coca-Cola Co., Saturn, Sony Pictures, the New York Times Co. and Verizon.