It looks like the biggest online game publisher in the country, Level Up!, has decided to allow conversion of its top up load denomination cards to facebook credits as evidenced by the screenshot below:
Update 2: Level Up! officially announces partnership with LiveGamer for Facebook Credits conversion: http://www.levelupgames.ph/2011/07/level-up-inc-partners-with-live-gamer-to-offer-the-payment-of-facebook-credits-in-the-philippines/
Update 1: Official Level up! Load Top Up conversion rates to Facebook Credits
Your card will credit to Facebook as following
– LU Card 50 (50.00 PHP) : 6 FB Credits
– LU Card 100 (100.00 PHP) : 13 FB Credits
– LU Card 350 (350.00 PHP) : 45 FB Credits
– LU Card 500 (500.00 PHP) : 65 FB Credits
What this means is that you do not need to have a credit card to be able to buy facebook credits, just buy any level up! load card from your suking tindahan and enter the code direct top up style. Details about conversion rates are fuzzy at this point but i expect it to be higher than straight credit card/paypal conversions but lower than buying facebook credits through your mobile.
Codamon.com is waiting for the official announcement from Level Up! and Facebook regarding the top up load card conversion so stay tuned.
Obligatory Disclaimer: I used to work for Level Up! by heading their Multimedia Department. and yeah, I’m still waiting to be hired by Facebook. So there. =)