Let's talk about Facebook Pay, the new payment system which has been created to be used through WhatsApp, Instagram, Facebook and Messenger. The launch of this new system was made in the United States and we should not confuse it with the cryptocurrency pound, which although it is also a project of Facebook Until now it has not been finalized due to various drawbacks.
Facebook Pay, It has also been classified as a system of Facebook's own payments. Which has been unified to work with the company's applications. Although initially it will only be available for Messenger and Facebook, functioning as a payment method for donations, purchases in the various games offered, purchase of tickets and even to make personal payments on Messenger.
These will be payment options that you will have the system initially, because this was designed to perform person-to-person transfers, make purchases directly to the pages or even those businesses that decide to work with the system. We must also not confuse Facebook Pay with a credit card or with a cryptocurrency, because it is not, it is simply a payment platform.
What is Facebook Pay and what is this mobile payment service for?
Facebook Pay, it is the new payment system which was created by Facebook. A system that is considered as a mode organized and unified which enables manage payments through the different applications of the company. We cannot deny that these types of payments were already working to a lesser or greater extent, but until now they did not have a specific name and were configured separately.
In fact, although the company's goal is unify payments, for now allow the user choose whether or not to configure the new Fb payment method separately in each of the applications, or if instead you prefer to use the same settings for all. I mean, you can use Facebook Pay on WhatsApp and keep it disabled in Messenger and Instagram or on the contrary activate it in all.
We can say then, that Facebook Pay It is a system that will serve users to make purchases in businesses or pages through the application, likewise they may make person-to-person transfers, as is done in Facebook Marketplace. In addition, it is important to clarify thatFb's new payment method it is not a credit card, not much less than one cryptocurrency as some think, it is simply a payment platform which is compatible with the main credit cards, with Stripe and PayPal.
FB Pay Features Why is it a unique service? It is safe?
Facebook Pay It is characterized by being a unified payment system. Which allows to configure the credit cards, debit cards, PayPal accounts and Stripe. Being a new modality that will allow users to enjoy a accessible, convenient and safe trade.
It is also a single payment service with which the user can perform different types of online payments and for each of company applications, the new Fb payment method It has a main function. That is to say in:
Facebook
Messenger
Instagram
WhatsApp
What are the benefits of paying with Facebook Pay from FB, Instagram or Whatsapp?
Facebook Pay it is the payment platform that will give people the possibility of living a Convenient, balanced and secure payment experience both in Facebook, Messenger, Instagram and WhatsApp. And although it is true that many people already use the applications to make purchases, donations or send money person to person, with this new system transactions they will be much simpler and safer.
So when The user makes his payments with Facebook Pay will obtain the following benefits:
- The user can configure the applications they want as your preferred payment method, and once these are configured you will not have to add your information every time make a payment. The only thing you will have to do for each payment is authentication either through face, fingerprint or PIN.
- With Fb's new payment method will have full access to your payment historyIn addition to this, you can manage your payment methods and keep your settings up to date, all in one place.
- You will always have available customer support service. An assistance that initially in The USA. will be on real time through live chat, And as time goes by, this type of assistance will reach the other countries of the world.
- And to use Facebook Pay, users will only have to access application settings directly on your profile and select the option "Facebook Pay".
And in addition to this, it is worth mentioning that the company Facebook was given to the task of creating and designing the new Fb payment method, with the intention of having transactions within the App ecosystem that are simple, fast and comfortable For the users.
Where can I pay with Facebook Pay? Main types of businesses
Undoubtedly, Facebook is betting on commerce within its App. A commerce that has been taking place since 2015, when the company agreed to the creation of Facebook buy / sell groups. Groups that facilitate the contact between the buyer and the seller, but where until now bank transactions had to be done outside the App. Now with Facebook Pay this will change.
For now, Facebook Pay will be available only for Messenger and Facebook, allowing person-to-person payments, and in addition to it allowing the buying games, concert ticket purchase or any other type of purchase that is available on the marketplace.
But, for the pages of the companies this will not be available yet payment system, however this is not something that should concern us because we are sure that after Facebook perform its internal tests and evaluate the performance of the platform It will include all the companies that so wish so that it begins to form this magnificent system.
Facebook Pay vs Apple Pay Which is better and how are they different?
We already know what it is about Facebook PayNow let's talk a little about Apple Pay, to understand what are the differences between the two payment platforms. Apple Pay, it is a mobile payment system that was created solely for Apple devices. But depending on the compatibility of each equipment, different types of payments which may well be: Payments in physical establishments or payments in online stores.
There we have the first difference with Fb's new payment method, because to access it we just have to be users of any of the apps with which the platform works, and generally practically all people drive Instagram, Facebook, Messenger, and WhatsApp. But not all of us have a ManzanaSo Facebook Pay is much more accessible.
Another difference is that Facebook Pay until now it is only compatible with main credit cards, with PayPal and with Stripe. While Apple Pay is compatible with the following banks: Bankia, American Express, Banca March, Banco Sabadell, BBVA, Boom, Bankinter and Bankitercard, Bung, Caja Rural, Carrefour, Caixabank, N26, Orange, Sodexo, Banco Santander, EVO Banco, Image Bank, Ticket Restaurant and Openbank.