Facebook introduced Facebook Pay, a unified online payment system for such social networks and apps as Facebook, Instagram, Messenger, and WhatsApp. Facebook Pay will provide people with a convenient, secure, and consistent payment experience.
Facebook promises to launch the new tool this week. The first people who can check out Facebook Pay will be Americans. The service will be launched outside the United States as well, but the exact date of it has not been announced yet.
With Facebook Pay, you can:
- Add your preferred payment method once and then use Facebook;
- Set up Facebook Pay app-by-app or choose to set it up for use across apps (where available) — that means that Facebook Pay won’t be automatically set up across the apps you are active on unless you choose it to be so;
- View payment history, manage payment methods, and update your settings in one place;
- Get real-time customer support via live chat in the US (and in more places around the world in the future).
“People already use payments across our apps to shop, donate to causes and send money to each other. Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected,” said FB’s team.
In addition, Facebook emphasized that the new payment system has no connection with the Libra cryptocurrency and the Calibra wallet. The creation of the latter was announced in June. Since then, all payment partners in the United States have abandoned the project. They include Visa, MasterCard, and PayPal by in particular.