Facebook just announced the launch of its newest payment service called Facebook Pay. This new platform will allow users to make payments across Facebook and Messenger with future expansions to Instagram and WhatsApp. Currently, this method of payment is only available on the US, with the release from this week.
- Go to Settings > Facebook Pay, on the Facebook app or website
- Add a payment method and you’re all set
What payment methods are supported?
According to Facebook, this new payment platform supports PayPal together with all the major credit and debit cards. Payments are processed in partnership with companies like PayPal and Stripe.
Facebook will not charge a fee from users for sending and receiving money via Messenger. However, it may subject users to fees from third parties for reversal charges or insufficient funds if attempted payments are rejected.
What can you buy
You can use Facebook Pay to send money to friends, make donations, buy event tickets, or purchase goods and services on the Facebook Marketplace, though this will initially be restricted to only a select few stores and pages.