Facebook launches its own payment service

Facebook Pay aims to provide customers with a consistent payment experience across Facebook, Messenger, Instagram, and WhatsApp

Facebook Pay

Facebook launches its own payment service. Source: shutterstock.com

Since users make purchases across Facebook apps to shop, donate, and send money to each other, Facebook decided to introduce their own payment service.

Facebook Pay will reportedly simplify the transactions, ensuring that payment information is protected. It offers users to choose the preferred payment method instead of re-entering the data every time. Every user will get real-time customer support via live chat. In addition to that, Facebook Pay won’t be automatically set up across the apps without the user’s agreement.

This is how Facebook Pay looks like. Source: about.fb.com

Users can also view payment history, manage payment methods, and update their settings in one place.

The app can be used for fundraisers, in-game purchases, event tickets, P2P payments in Messenger and purchases from select Pages and businesses on Facebook Marketplace.

The payment service rolls out in the US, with further expansion around the world. Facebook Pay supports most major edit and debit cards along with PayPal. The service is separate from the Calibra wallet, which will run on the Libra network.

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