The number one social network in the world, Facebook, has designed its own payment method called Facebook Pay. Its main function is make related disbursements, in an organized way, through its own platform and others such as Messenger, Instagram and WhatsApp.
In addition, you can make purchase payments, use Facebook Pay to send money to friends or family, and even make donations. The system launched at the end of 2019shows the way in which you will not only be able to communicate, but also manage your money.
This platform will allow you choose the way you want to pay, either with debit cards, credit or a PayPal account. Functioning as a mobile wallet. This system has been consolidated in order to be used by the company’s applications.
What is Facebook Pay and why is it important?
It is a payment platform, created by the Meta company, to facilitate economic transactions from person to person, execute money orders, among others. This digital wallet will allow you make financial movements at your convenience and monetize your social network, in addition, this service is integrated into the Messenger chat.
This tool will facilitate the way you manage your money, without the need to go to other platforms. It also merges with your credit cards, debit cards and your PayPal account.
Purchasing services can be part of a regular dialogue, yielding that online money transfersare simpler and safer. This function will be a new feature. That will grant the beneficiaries to enjoy an affordable, favorable and secure electronic commerce.
In addition, each user will be able to check their registration of payments and transfers, like your own banking history. In this way, great possibilities are opened up for small businesses to develop Digital Marketing and manage their sales in easy-to-use media.
Where is Facebook Pay available?
Is allowed in some countries of the African continent, in Asia Pacific and Europe. Similarly, it can be accessed in Latin America, the Caribbean, the Middle East and North America. So, it is currently being used in certain nations. On the other hand, this digital tool will continue to be used in other applications and countries, so that this service can have maximum reach.
Now, in most of these countries they have support in the Facebook application, support for WhatsApp, Instagram and Messenger is being implemented progressively. The idea of the social network is cover most of the world’s population so that more and more people can enjoy this function.
How can I use Facebook Pay on my account?
No additional app is needed to get access to the tool, just open the original application and access the corresponding tab. Although Facebook Pay rarely has problems paying, the tool is created to support you when you need it most.
Since it is embedded in the session app settings of the company. After entering this area, the payment method of your choice will be added and you will begin to enjoy the advantages offered by this method.
Next, we will show you, with these simple steps, how you can start using this tool to send or receive money from the frequently used Facebook application:
- talk to you Facebook App and log in with your account. If you don’t have one, register using your email.
- Choose the Menu.
- Choose the ‘Account Settings’ section.
- Once there, select the Facebook Pay platform.
- The next thing you should do is adjust payment method that you like the most, add your debit card, credit card or your PayPal account.
- Start sending or receiving money. This will be done through the chats with an icon that says ‘Payments’ or ‘Payments’. Using the same way to send a file or a photo.
Accepted payment methods
In this system of unified turns it will be possible to set up credit cards, debit and PayPal accounts, in supported countries. In this way they will use the payments in a simple way in the different applications.
You can also use, In order to have greater security, a PIN code or assign biometrics to your device. The Facebook Pay tool is designed to work as simply as possible.
Payments for donations
The social network accepts american express credit cards, Discover, Mastercard and Visa; so in the case of donations they are made according to the stipulated currency. For example: if American Express is made in dollars. You just have to register the payment method and in this way you can participate and contribute to the cause of your choice.
Can ‘stars’ be used as a payment method?
This function has been available for some time on the Facebook social network, in the payment settings. It was a way to monetize live broadcasts. While live streaming, the connected audience will be able to purchase stars and consign them as gifts during the webcast. For each of these sent by followers or fans, Facebook will pay 0.01 dollars.
Keep in mind that in order to withdraw the equivalent balance of these stars, you must have at least 10,000 of them. In order to purchase stars, you require a credit or debit card that is associated with the Google Play Store or Apple Store on your mobile. If you are in a processor, you can buy them through Facebook Pay.
The Facebook function is incredible and very useful for the generation of ‘influencers’ that has become so popular in recent times. This is because, through it, they will be able to obtain collect money for the content they publish in the social network.
In this way, Facebook increases the growth of users and interactivity by motivating more people to continue creating content of interest, fun, health and humor. With this, you will not have to worry about creating external online wallets to store the profits generated. Nor will you lose part of the money due to exaggerated commission discounts when withdrawing the cash. All It is free and very easy to use.