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Initially, users use credit cards and PayPal as payment methods for Facebook Pay. Means of payment, security and data protection Leave your wallet at home, it's time to pay with your smartphone.Sending money via WhatsApp has long been part of speculation and desire.
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The social media aspect is also the one that makes Facebook Pay interesting. WhatsApp and Instagram will be connected later. The start is made by Messenger and Facebook itself. In addition, donations are to be processed via Facebook Pay. Money can also be sent to other users according to the PayPal principle - probably the much larger market. Money for purchases or services can be paid in Facebook Messenger or via WhatsApp. Facebook has the upper hand here right from the start and can educate users, so to speak. The first step in introducing Facebook Pay, however, is to integrate it into your own networks. In-App purchases, as well as normal external payments, should be possible with Facebook Pay, provided - and this could be the catch at the beginning - corresponding money purchasers support and accept Facebook Pay in their terminals and payment systems.įacebook launches its own payment service Facebook Pay / © Facebook
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But Facebook also wants to make a name for itself as a rival of Apple Pay and Google Pay.
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