The Menlo Park company formally entered the digital payments industry by launching Facebook Pay In the USA. The platform will now allow you to make payments both on social media and on Messenger, also stating that the service will be extended to Instagram and WhatsApp in the future.
Facebook Pay: everything you need to know
Currently, the service initially available in the launch country, i.e. the United States, starting this week in both the Facebook and Messenger apps. The company has promised that it will expand to more countries, however, it will certainly take some time before the service is available outside of America.
What you can pay with Facebook Pay
Initially, Facebook Pay will allow users to pay fundraising, in-game purchases, event tickets, money transfer between contacts on Messenger ed shopping from certain commercial activities, available on the Marketplace of social.
The payment methods supported
Facebook has stated that its payment service, supports all major credit or debit cards, as well as PayPal. In fact, payments are made in collaboration with the latter company and Stripe, another digital payment service.
Facebook Pay requires the minimum age of 18 to send money to another contact. Furthermore, this methodology must not and cannot be used for professional commercial transactions or for simple purchases. The company specified that the payment service will be suspended, what time the user uses it for the above transactions.
How secure is Facebook Pay?
Despite past vicissitudes, in terms of security, Facebook wants to assure users that its new payments service is designed for securely store and encrypt financial data relating to the user, such as credit card numbers and bank accounts.