Facebook Pay is here – for those that think it’s a good idea to let Facebook process their payments

When people were crying out for alternative payment processors online, one launched by one of the world’s largest tech monopolies probably wasn’t what they had in mind.

But Facebook has today launched a new payment system called Facebook Pay.

The system is available across the entire Facebook family – Facebook, Messenger, Instagram, and WhatsApp, and the idea is to help process payments across Facebook’s social platforms and apps.

Similar to Cash App and Venmo, with Facebook Pay, users can send money to friends, shop for products, and even donate to fundraising schemes – something that Facebook has long been integrated with. 

While today’s news comes just weeks after payment processors Visa and Mastercard turned their backs on Facebook’s Libra project, Facebook Pay is a separate scheme that, according to the company is, “built on existing financial infrastructure and partnerships.”

According to the company, with Facebook Pay users can:

  • Add their preferred payment method once then use Facebook Pay, where available, to make payments and purchases on our apps, instead of having to re-enter their payment information each time
  • Set up Facebook Pay app-by-app, or choose to set it up for use across apps (where available) — that means they won’t automatically set up Facebook Pay across the apps users are active on, unless they choose to do so
  • View payment history, manage payment methods and update their settings in one place 
  • Get real-time customer support via live chat in the US (and in more places around the world in the future)
  • Clearly understand which payment services are part of Facebook

Facebook will roll out Facebook Pay on both Messenger and Facebook in the United States this week, and it initially will only be available for fundraisers, person-to-person payments, in-game purchases, and some sales from businesses that operate on Facebook’s Marketplace. 

The post Facebook Pay is here – for those that think it’s a good idea to let Facebook process their payments appeared first on Reclaim The Net.

Visit the USSA News store!
Click this link for the original source of this article.
Author: Cindy Harper

This content is courtesy of, and owned and copyrighted by, https://reclaimthenet.org and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the USSANews.com administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit https://reclaimthenet.org for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.

https://beyondlimitsvacation.com USSANews.com