The Facebook Pay system offers easy, quick, and secure ways to make payments on Facebook, Messenger, and Instagram. Payments in Messenger is a great free way to send money or request money from friends. Making it easy to divvy up a bill, split the cost of a gift, or repay someone.
This feature is Facebook’s effort to make moving money online easier and more secure. You can use it as a money sending app to split a bill with friends or as a service to order things online.
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Facebook Pay
Facebook introduced Facebook Pay on November 12, 2019. There has been a payment platform on Facebook and Messenger since before then. But it’s only now that Facebook has announced plans to bring it to their other apps and websites like WhatsApp and Instagram.
How To Set Up Facebook Pay
The new idea with Facebook Pay versus the old way Facebook has allowed online payments, is that you can have the payment method be used across all their apps. After signing up and choosing a payment method, you can easily buy things and exchange money with recipients from any of their apps.
How Does Facebook Pay Works?
It currently runs on Facebook and Messenger, but it’s also coming to Instagram and WhatsApp. It works across all platforms, so you can use it through those websites or through the mobile apps.
Facebook Pay Availability
Only users in the US can use Facebook Pay at this time, but Facebook is planning on rolling it out to other countries eventually.
What Is Facebook Pay?
Facebook Pay serves two purposes depending on where you’re using it – to pay people and to buy things online. Here’s what you can do with Facebook Pay from each of Facebook’s apps:
Buy things from Facebook Marketplace, donate to fundraisers you support, and buy games and event tickets.
Messenger
Pay friends and family from your phone or computer.
Donate and order things from brands you follow.
Send and receive money just like in Messenger.
And few other purchase and payment involved on the platforms as mentioned.
Is Facebook Pay Safe?
When it comes to security and privacy, it’s hard to trust a financial tool coming from Facebook, given its well-established record of mishandling user data. However, Facebook wants to assure users that its new payments initiative is designed to “securely store and encrypt your card and bank account numbers.”
How To Use Facebook Pay
The easiest way to start using it is to attempt to send money to someone. Follow the steps below to get this done:
- Open a conversation with the person you want to send money to or request money from.
- Tap the four-dotted menu to the left of the text field. It might be an arrow if your keyboard is open. This button is a plus sign on computers.
- Choose Pay Friend.
- Click the money icon if you’re using the desktop version of the site.
- Enter an amount and an optional note, and then choose either REQUEST or PAY.
- Add your payment information; you can pick ADD DEBIT CARD or ADD PAYPAL.
- Desktop users have to use a debit card at this screen.
- Select the payment method now that you’ve added it to your account.
- Choose PAY or REQUEST to complete the transaction. If you selected PayPal, you’ll have an option to pick which payment method from your account that you want to use.
- You can also see which methods charge a fee and which are free.
- To get back to the screen where you can add a payment method. Open the menu in Messenger and choose Payments.
- Then Add new debit card or PayPal.
If you’re using Messenger on a computer, open the menu, go to Settings, and then select Manage on Facebook from the Payments section.
Facebook Pay App
Another way to access the settings is from the Facebook website. Open your Facebook settings and choose Payments from the left side, and then Account Settings at the top. To see all your Facebook Pay transactions, open the Payment History page of your Facebook settings, or go here.
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