Facebook’s Biggest Payment Integration Is Live: Facebook Pay Will Work On Facebook, Whatsapp, Instagram!
Facebook announced that it is going to unify its various payment services under one umbrella today.
What And Why
So finally they provided one payment solution for all of the company’s apps.
When Will It Be Launching?
Facebook Pay will be launching on Facebook itself and Messenger this week in the US for fundraisers, in-game purchases, event tickets, person-to-person payments, as well as purchases from select Pages and businesses on Facebook Marketplace.
Overtime, the Instagram and WhatsApp integration will also join the game.
Also, international expansion is hinted by the company but not with a more concrete timeline.
What Should We Expect?
Facebook Pay is expected to make transactions across the company’s apps easier, more convenient, and more consistent, while making assurance about security and protection for your personal information.
How To Use It?
Users can add a preferred payment method once and then use Facebook Pay where available, instead of having to re-enter your card details each time.
Also users have a choice to set Facebook Pay app-by-app, or for use across apps, so if you decide you only want it for the Facebook app, it won’t automatically work on Messenger against your wishes.
What’s More In Store For You?
Apart from that, Facebook Pay lets you view your transaction history, manage payment methods, and update your settings in one place.
Users can also enjoy real-time customer support via live chat, and by that lets you clearly understand which payment services are part of Facebook. ( reference)
How Does It Work?
For using Facebook Pay, first of all go to the Facebook app’s (or Messenger’s) Settings and find the new Facebook Pay entry, then add a payment method.
According to the company, the service supports “most major credit and debit cards” as well as PayPal.
Facebook Pay is different from the Calibra wallet which is based on the Libra network, and is built on top of existing financial infrastructure.