Facebook just launched a new payment service – Facebook Pay
On Monday, 12th November 2019, Facebook launched, Facebook Pay – it’s very own payment platform, like Google Pay and Apple Pay. Facebook on its official blog, said: “The service is aimed to make payments across Facebook and its partner apps Messenger, Whatsapp, and Instagram easier.“
So here’s everything you need to know about Facebook’s new service Facebook Pay. Tighten your seat belt for the amazing information on how to use Facebook Pay.
Follow the given below steps to get started:
Step 1– Go to the official website or app and click on Settings.
Step 2– Click on the Facebook Pay option
Step 3– Select Mode of Payment
After making your first payment you are all set to make payments with Facebook Pay.
Now all you have to do is use Facebook Pay whenever you make a purchase. According to Facebook, It is compatible with most of the debit and credit cards along with other payment platforms such as PayPal and Stripe.
Worried about security in the application? Don’t worry! A user will get the option for setting a pin or to use the biometrics of their mobile for authentication.
Heard how Facebook extracts the data of their users and might do the same with Facebook Pay? In the official blog, Facebook clearly said: “it does not receive or store your device’s biometric information.”
Where can you use Facebook Pay?
Facebook, as well as Instagram, allows users to buy and sell products on their platforms. Facebook has its own Marketplace and Instagram’s shopping feature has a huge customer base. Also, the user will be able to pay for in-game purchases on Facebook and for donations and other campaigns on Facebook, Instagram, and WhatsApp.
The official blog states that “Facebook will be collecting the data such as transaction date, billing and shipping and contact details from Facebook Pay and accordingly, will send the users a customized advertisement.”
Facebook Pay will be launched in the USA by the end of this week. Although it remains suspense on when will Facebook launch Facebook Pay in India.