Home / 🌐Internet / 📱 Social Networks / Facebook Pay What is it, what is it for and what are the advantages of the new FB payment system?

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Let’s talk about Facebook Pay, the new payment system that has been created to be used through WhatsApp, Instagram, Facebook and Messenger . This new system was launched in the United States and should not be confused with the pound crypto-currency , which although it is also a project of Facebook has so far not materialized due to various drawbacks.

Facebook Pay, has also been rated as a Facebook payment system. which has been unified to work with the company’s applications. Although initially only available for Messenger and Facebook, will function as a payment method for donations, game purchases, ticket purchases and even personal payments on Messenger.

These will be payment options that will have the system initially , as this was designed to make person to person transfers , make purchases directly to the pages or even those businesses that decide to work with the system. Neither should we confuse Facebook Pay with a credit card or with a crypto-currency, because it is not, it is simply a payment platform.

What is Facebook Pay and what is this mobile payment service for?

¿Qué es Facebook Pay y para qué sirve este servicio de pago a través del móvil?

Facebook Pay, is the new payment system that was created by Facebook . A system that is considered as a mode organized and unified that allows to manage payments through the different applications of the company . We can’t deny that these types of payments have already been working to a lesser or greater extent, but until now they didn’t have a specific name and were configured separately. Recommended for you:Google Scholar What is Google Scholar and how does this search engine work?

In fact, although the company’s goal is to unify payments , for now they will allow the user to choose whether or not to set up the new Fb payment method separately in each of the applications, or if instead they prefer to use the same setup for all . That is, you can use Facebook Pay in WhatsApp and keep it disabled in Messenger and Instagram or instead enabled in all .

We can say that Facebook Pay is a system that will allow users to make purchases in businesses or on pages through the application , as well as make person-to-person transfers , just like Facebook Marketplace . Also, it is important to note that the new payment method for Fb is not a credit card, nor is it a crypto-currency as some people think, This is simply a payment platform that is compatible with all major credit cards, with Stripe and with PayPal .

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FB Pay Features Why is this service unique? Is it safe?

Facebook Pay is a unified payment system . It allows you to configure the credit cards, debit cards, PayPal accounts and Stripe . Being a new modality that will allow the users to enjoy an accessible, convenient and safe commerce .

It is also a single payment service with which the user can make different types of online payments and for each of the company’s applications, the new Fb payment method has a main function. That is in:

Facebook

Facebook

When you set up Facebook Pay in this app, you can perform

  • All types of purchases in the marketplace.
  • Donations to causes and NGOs .
  • You can buy games .
  • You can buy tickets for events .
  • And you can even buy premium content on Facebook Watch .

Messenger

Messenger

When you set up the platform in Messenger , you can only send money to your Messenger friends.

Instagram

Instagram

In the case of Instagram , the platform will allow you to make donations and buy the products that are promoted in the s. However, Facebook Pay for Instagram is not yet available.

WhatsApp

WhatsApp

And last but not least we have WhatsApp, this as well as Instagram does not yet have platform service , but once it is activated it will allow the user to send money to their contacts .

Facebook as a company is well aware of the security and privacy issues that can be generated by the use of Fb’s new payment method , so every time a user makes a payment, it must be authorized and authenticated from the mobile device by the user’s face or fingerprint. And if the user wants to skip this step, he must set up a PIN.

And to make you feel even more secure, Facebook has ensured that all transactions made through the platform will be encrypted and monitored, this to avoid any kind of fraud . Furthermore, the user’s purchase history, credit card numbers or account number will not be shared with third parties .

What are the benefits of paying with Facebook Pay from FB, Instagram or Whatsapp?

¿Cuáles son los beneficios de pagar con Facebook Pay desde FB, Instagram o Whatsapp?

Facebook Pay is the payment platform that gives people the ability to experience a convenient, balanced and secure payment experience on Facebook, Messenger, Instagram and WhatsApp . And while it’s true that many people already use the apps to make purchases, donations or send money person to person, with this new system transactions will be much easier and safer.

So when the user makes his payments with Facebook Payobtain the following benefits:

  • You can configure the applications you want as your preferred payment method, and once they are configured you don’t have to add your information every time you make a payment . The only thing you will have to do for each payment is authentication either by the face, the fingerprint or the PIN.
  • With the new Fb payment method you will have full access to your payment history , in addition you will be able to manage your payment methods and keep your settings updated, all in one place.
  • Customer support will always be available to you . Support that initially in the USA . will be in real time via a live chat, and as time goes by this type of support will reach the other countries of the world.
  • And to use Facebook Pay , users just need to access the application settings directly on their profile and select the option “Facebook Pay”.
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And besides this, it is worth mentioning that the company Facebook gave itself the task of creating and designing the new Fb payment method, with the intention of having transactions within the App ecosystem that are simple, fast and convenient for users.

Where can I pay with Facebook Pay? Main types of businesses

¿Donde puedo pagar con Facebook Pay? Principales tipos de negocios

Without a doubt, Facebook is betting on commerce within its Apps. A trade that has already been taking place since 2015, when the company agreed to the creation of the Facebook buy/sell groups. Groups that facilitate the contact between buyer and seller , but where until now banking transactions had to be done outside the App. Now with Facebook Pay this will change.

For now, Facebook Pay will be available only for Messenger and Facebook , allowing person-to-person payments , and also allowing game purchases , concert ticket purchases or any other purchases that are available on marketplace.

But, for the company pages this payment system will not be available yet, however this is not something we should worry about because we are sure that after Facebook does its internal tests and evaluates the performance of the platform it will include all the companies that want to start forming from this great system.

Facebook Pay vs. Apple Pay Which is better and how do they differ?

Facebook Pay vs Apple Pay ¿Cuál es mejor y en qué se diferencian?

We already know what Facebook Pay is all about, now let’s talk a bit about Apple Pay, so we can understand what the differences are between both payment platforms. Apple Pay, is a mobile payment system that was created only for Apple devices. But depending on the compatibility of each device, different types of payments can be made that may well be: Payments in physical stores or payments in online stores. Recommended for you: How to speed up your Internet connection using a VPN? Step-by-step guide

There we have the first difference with the new payment method of Fb , because to access this we only need to be users of one of the Apps that the platform will work with , and usually almost everyone handles Instagram, Facebook, Messenger, and WhatsApp. But not everyone has a Apple , so Facebook Pay is much more accessible.

Another difference is that Facebook Pay so far only supports major credit cards, PayPal and Stripe . While Apple Pay is compatible with the following banks: Bankia, American Express, Banca March, Banco Sabadell, BBVA, Boom, Bankinter and Bankitercard, Bung, Caja Rural, Carrefour, Caixabank, N26, Orange, Sodexo, Banco Santander, EVO Banco, Image Bank, Ticket Restaurant and Openbank.

 

If you have any questions, leave them in the comments, we will answer you as soon as possible, and for sure it will be of a great help for other members of the community. Thank you! 😉

 
 

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