Facebook pay allows anyone who uses Facebook to easily transfer money to other users to pay for purchases made on Facebook, Instagram, and messenger. The feature is a great one and helps to make payments fast and securely on the app.
In this article, we will discuss on what Facebook pay is, how long Facebook pay takes, and other related questions on Facebook pay.
What is Facebook pay?
Facebook Pay is an in-app payment method that can be used to make payments and also receive payments. Facebook pay provides both buyers and sellers with an easy method to pay for items on platforms like Instagram and Messenger.
On Facebook pay, you have assured safety and flexible payment options (credit or debit card). If you use the Facebook shops and marketplace, you will not pay any fee for using Facebook pay. However, Facebook pay works in various regions and locations including various countries in Africa, Latin America, Europe, Canada, Asia, Mexico, and others.
How to use Facebook pay to make payments
Facebook Pay works in a similar way to other payment systems like Venmo or Zelle. The only difference is that it works within Facebook, Messenger, and Instagram and can be accessed by only users of those apps. To use Facebook Pay on these select platforms, here are the steps to doing so:
- Sign in to your preferred platform.
- Go to the settings and locate Facebook pay in the options.
- Click on Facebook pay and enter your payment info like payment card and bank account information.
These are the steps on how to use Facebook pay to make payments. You can now use Facebook pay to make donations, purchase products, and send cash to friends easily.
How to set up Facebook pay as a customer?
The first thing to do before you can use Facebook pay is to sign up. Here are the steps on how to set up Facebook pay as a customer:
- Open your Facebook app or visit the Facebook website.
- Head on to the Facebook account settings (click on the triangle-shaped icon at the top right of the landing page).
- On the options, select “Settings & Privacy”.
- Click and settings and scroll down till you find the Facebook pay option.
- Click on Facebook pay.
- You will be required to enter a payment method such as a debit or credit card.
- Your details will be retained by Facebook to make payments easier next time.
Once you have finished and saved the payment information, you can now use Facebook pay freely.
How long does Facebook Pay take?
According to Facebook, 99% of all payments are processed immediately and payments that are not processed are reviewed within 24 hours.
What does Facebook Pay cost?
Facebook Pay is free to use for all Facebook users. Both sellers and buyers can use it without paying money as long as they have accepted credit cards.
Is Facebook Pay secure?
According to Facebook, the Facebook Pay service is safe to use. You are assured that your bank account details are secure as Facebook encrypts all debit card and credit card information.
What are the benefits of using Facebook Pay?
The Facebook pay service has a lot of advantages. Here are some of the benefits of using Facebook Pay:
- It has a greater number of potential customers.
- With Facebook pay, you can easily pay for items or services directly from Facebook, Messenger, and Instagram.
- It is totally free to use. When you use Facebook pay you to avoid little fee transactions that quickly accumulate.
Facebook pay has a lot of benefits and perks when you use the payment platform.
What do I need to do to start using Facebook Pay?
The main thing you need to do is sign up through Facebook. You should have a Facebook shop, a PayPal account, an active presence on Messenger, and a credit card processing account to qualify to use Facebook pay.