Facebook is not lagging behind when it comes to payment options. With the entry of Facebook Pay, the social media giant introduced its own payment method, which is currently being launched in the United States. In order for the payment service to function at the right speed, the payment system has been integrated with major Facebook networks. If you are interested in the development of Facebook and related applications, please read the entire article.
Find out about the latest Instagram and WhatsApp sending money feature through Facebook Pay:
Also Read : All you need to know about Digital Payments in India
Send money via Instagram and WhatsApp thanks to Facebook Pay
In-app purchases as well as normal external payments are now possible thanks to Facebook Pay, under two conditions – selected sellers support and accept Facebook Pay in their payment systems and it is available on your Facebook account. This may be the biggest problem of the new system, because it is not known how many operators will introduce such a possibility, and the new option works only in the United States.
However, the first step to implementing payments via Facebook Pay is to integrate it with your own networks. Facebook has an advantage here from the very beginning. You can pay for purchases or services in Messenger, Instagram or via WhatsApp. Money can also be sent to other users in accordance with the PayPal principle. In addition, all donations are to be processed via Facebook Pay – no more problems with transferring funds to charitable birthday collections.
Means of payment, security and data protection
Initially, users will use credit cards and PayPal as a method of funding their Facebook Pay account. In terms of security, Facebook relies on existing infrastructure and works closely with PayPal and Stripe. The payment procedure is protected by assigning a PIN code and by monitoring that checks suspicious account behavior for non-compliance.
In the application area, each user can also view their own payment history and thus control themselves. In the case of transactions via Facebook Pay, only data that is necessary and relevant for making the payment is transferred. This is to reduce problems with the processing of personal data or their potential leakage.
How to start using Facebook Pay
Unfortunately, currently Facebook Pay can only be activated on accounts registered in the United States. For those who do not have access, it remains to wait. However, if you have an account in the US, you can start using Facebook Pay by following the procedure below:
1. Go to Settings> Facebook Pay in the application or on the Facebook website.
2. Add a payment method.
3. The next time you make a payment, click Use Facebook Pay.
4. Done! Now you can make transactions via Facebook Pay.
We hope that the latest Facebook service will also be available soon in other countries!
Also Read : 6 Android Apps That Pay You Real Money & Cash For Real
