Facebook has officially entered the field of digital payments with the launch of the Facebook Pay service in the US. THE platform will allow users to make payments through Facebook and Messenger, and the company says Facebook Pay will also expand to Instagram and WhatsApp in the future.
The Facebook Pay is currently available only in the USA. The payment service will start on mode to Facebook and Messenger users this week.
The company has promised to expand Facebook Pay to more countries. And as noted on its website, the service will also come to Instagram and WhatsApp.
Currently, the platform allows users to pay for fundraising, in-game purchases, event tickets, private money transfers on Messenger and purchases from selected pages and businesses on the Facebook Marketplace.
According to Facebook, the new payment platform supports all major credit and debit cards as well as PayPal. Payments are made in partnership with companies such as PayPal and Stripe. And in accordance with Facebook's payment terms, mobile charging will also be a way payments on the platform.
The company says that Facebook Pay “is based on the existing financial infrastructure and partnerships and is separate from the Calibra wallet which will operate on the Libra network ”.
Facebook will not charge users when they send and receive money through Messenger. If you are under 18, you will not be able to use the peer-to-peer (P2P) payment service in Messenger. P2P should also not be used for commercial transactions. Facebook says it will discontinue payment services if it discovers such prohibited transactions.
How much safe is it facebook pay?
When it comes to safety and protection της ιδιωτικής ζωής, είναι δύσκολο να εμπιστευτείς μία social media πλατφόρμα, σαν το Facebook, να γίνει ένα χρηματοπιστωτικό εργαλείο. Ωστόσο, το Facebook διαβεβαιώνει τους χρήστες ότι η νέα πλατφόρμα έχει σχεδιαστεί για την “ασφαλή αποθήκευση και κρυπτογράφηση των αριθμών των καρτών και των τραπεζικών λογαριασμών σας”.
The company says it uses fraud tracking systems to detect unauthorized activity and provides account activity alerts.
You will be able to add a PIN for payment via Facebook. Alternatively, you can also use fingerprint or face recognition to verify payments.
Facebook will provide live chat to users who have questions about their Facebook Pay transactions. Live chat will be available between 6: 00 AM and 6: 00 PM (PST).
