Let’s talk about Facebook Pay, the new payment system which has been created to be used through WhatsApp, Instagram, Facebook and Messenger. The launch of this new system took place in the United States and should not be confused with Libra cryptocurrencywhich although it is also a project of Facebook so far it has not materialized due to various inconveniences.
Facebook Pay, It has also been qualified as a system of own payments of . Which has been unified to work with the company’s applications. Although initially it will only be available for Messenger and Facebook, functioning as a payment method for donations, purchases in the various games that are offered, purchase of tickets and even to make personal payments in Messenger.
These will be payment options you will have the system initiallyas this was designed to perform person-to-person transfers, make purchases directly to the pages or even those businesses that decide to work with the system. We must also not confuse Facebook Pay with a credit card or with a cryptocurrency, because it is not, it is simply a payment platform.
What is Facebook Pay and what is this mobile payment service for?
Facebook Pay, it is the new payment system which was created by Facebook. A system that is considered as a mode organized and unified which enables manage payments through the different applications of the company. We cannot deny that these types of payments have already been working to a lesser or greater extent, but until now they did not have a specific name and were configured separately.
In fact, although the company’s goal is unify paymentsfor now they will allow the user to choose whether or not to configure the new Fb payment method separately in each of the applications, or if on the contrary you prefer to use the same settings for all. That is, you can use Facebook Pay on WhatsApp and keep it disabled on Messenger and Instagram or on the contrary activate it in all.
We can then say that Facebook Pay It is a system that will help users to perform purchases in businesses or on pages through the applicationlikewise they can make person-to-person transfers, as is done in . Furthermore, it is important to clarify thatthe new payment method of fb it is not a credit card, not much less than one cryptocurrency as some think, it is simply a payment platform which is compatible with major credit cards, with Stripe and with .
FB Pay Features Why is it a unique service? It is safe?
Facebook Pay is characterized by being a unified payment system. that allows to configure the credit cards, debit cards, PayPal accounts Y Stripe. Being a new modality that will allow users to enjoy a accessible, convenient and safe commerce.
In addition, it is a unique payment service with which the user can perform different types of online payments and for each of the company’s applications, the new Facebook payment method has a main function. That is to say in:
when you set Facebook Pay in this app, you can perform:
- All kinds of shopping marketplace.
- donations to causes and NGOs.
- You may buy games.
- You can buy event tickets.
- And you can even buy Premium content on Facebook Watch.
fb messenger
When you configure the platform in Messengeryou can only send money to your friends on Messenger.
In the case of instagramthe platform will allow you to carry out donations and buy the products that are promoted in the publicationss. However, it is not yet available Facebook Pay for Instagram.
And last but not least we have WhatsApp, is the same as instagram does not yet have platform servicebut once activated it will allow the user send money to your contacts.
Facebook as a company is very aware of the problems of security and privacy that can be generated using the new payment method of fbTherefore, each time the user makes a payment, it must be authorized and authenticated from the mobile device by the user’s face or fingerprint. And if the user wants to avoid this step, he must set up a PIN.
And to make you feel even more secure, Facebook has ensured that all transactions that are carried out through the platform will be encrypted and monitored, this for avoid any type of fraud. Also, purchase history, credit card numbers or user account number they will not be shared with third parties.
What are the benefits of paying with Facebook Pay from FB, Instagram or WhatsApp?
Facebook Pay it is the payment platform that would give people the chance to live a convenient, balanced and secure payment experience both in Facebook, Messenger, Instagram and WhatsApp. And although it is true that many people already use the applications to make purchases, donations or send money person to person, with this new system transactions They will be much simpler and safer.
That’s why when the user makes his payments with Facebook Pay will obtain the following benefits:
- The user will be able to configure the applications that he wants as your preferred payment method, and once these are set up you won’t have to add your information every time make a payment. The only thing you will have to do for each payment is authentication either through face, fingerprint or PIN.
- With the new payment method of fb will have full access to your payment historyIn addition, you can manage your payment methods and keep your settings up to date, all in one place.
- will always have available customer support service. An assistance that initially in The USA. will be on real time through a live chat, and as time passes, this type of assistance will reach other countries in the world.
- and to use Facebook Payusers will only have to access the application settings directly in your profile and select the option “Facebook Pay”.
And besides this, it is worth mentioning that the Facebook company it was given to task of creating and designing the new Fb payment method, with the intention of having transactions within the App ecosystem that are simple, fast and comfortable For the users.
Where can I pay with Facebook Pay? Main types of businesses
Undoubtedly, Facebook is betting on commerce within its App. A commerce that has been taking place since 2015, when the company agreed to the creation of Facebook buy/sell groups. Groups that facilitate contact between buyer and sellerbut where until now banking transactions had to be done outside the App. Now with Facebook Pay this will change.
For now, Facebook Pay will be available only for Messenger and Facebookallowing to perform person to person paymentsand in addition to this allowing the purchase of games, purchase of tickets to concerts or any other type of purchase that is available on the marketplace.
But, for the pages of the companies this will not be available yet payment system, However, this is not something that should worry us because we are sure that after Facebook perform its internal tests and evaluate the performance of the platform It will include all the companies that so wish to start forming this magnificent system.
Facebook Pay vs Apple Pay Which is better and how are they different?
We already know what it’s about Facebook PayNow let’s talk a little about Apple Pay, to be able to understand what are the differences that exist between both payment platforms. Apple Pay, is a mobile payment system that was created solely for Apple devices. But depending on the compatibility of each equipment, different types of payments which may well be: Payments in physical establishments or payments in online stores.
There we have the first difference with the new payment method of fb, because to access this we only have to be users of any of the Apps with which the platform will workand generally practically all people drive Instagram, Facebook, Messenger, and WhatsApp. But not all of us have a Manzanaso Facebook Pay is much more accessible.
Another difference is that Facebook Pay So far it only supports the major credit cards, with PayPal and with Stripe. While Apple Pay is Compatible with the following banks: Bankia, American Express, Banca March, Banco Sabadell, BBVA, Boom, Bankinter and Bankitercard, Bung, Caja Rural, Carrefour, Caixabank, N26, Orange, Sodexo, Banco Santander, EVO Banco, Image Bank, Ticket Restaurant and Openbank.
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