- Facebook has announced it launched a new payment system to provide users with a convenient, secure, and consistent payment across its apps
Today Facebook VP of Marketplace & Commerce Deborah Liu announced the social network company has launched a new payment system in order to provide people with a convenient, secure, and consistent payment experience across Facebook, Messenger, Instagram, and WhatsApp.
Users on these platforms already make payments across on all of these apps to shop, donate to causes, and send money to each other. And Facebook Pay will make these transactions easier while continuing to ensure payment information is secure and protected.
Liu said that Facebook with Facebook Pay you can add your preferred payment method once then use Facebook Pay where available to make payments and purchases on these apps rather than having to re-enter your payment information each time. And you can set up Facebook Pay app-by-app or choose to set it up for use across apps (where available). This means Facebook will not automatically set up Facebook Pay across the apps you are active on unless you choose to do so.
Using Facebook Pay, you can also view payment history, manage payment methods, and update your settings in one place. And you can get real-time customer support via live chat in the US (and more places around the world in the future).
Facebook Pay is going to begin rolling out on Facebook and Messenger this week in the US for fundraisers, in-game purchases, event tickets, person-to-person payments on Messenger, and purchases from select Pages and businesses on Facebook Marketplace. And over time, Facebook is planning to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp.
You can set up Facebook Pay on Facebook or Messenger by going to Settings > Facebook Pay on the Facebook app or website > Add a payment method.
After Facebook Pay is available on WhatsApp and Instagram, you can set it up directly within each app.
Facebook Pay supports major credit and debit cards along with PayPal. And payments are processed in partnership with companies like PayPal, Stripe, and several others around the world.