Facebook Pay is the payment method that is giving what to talk about today. Whose owners created it so that its users can buy and sell on Facebook Marketplace , in places owned by this social network.
Although Facebook Pay sometimes has drawbacks , this new application is special for working with the natural social networks of this company, such as Instagram, Facebook, Messenger and WhatsApp. Given this, if you want to make purchases or send money to a friend or family member, then we invite you to continue reading this article.
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- What advantages and disadvantages are there in using Facebook Pay?
- How to set up the main payment account in Facebook Pay?
- Steps to follow to activate Facebook Pay correctly
- Does Facebook Pay charge commission?
What advantages and disadvantages are there in using Facebook Pay?
You have to start from the fact that using Facebook Pay is safe for your business. In addition, it is being widely used throughout the world . However, in the digital wallet environment, not everything is rosy. Well, when using any of these payment systems such as Facebook Pay, we can find many advantages and also disadvantages.
Among the advantages we can show the following that undoubtedly benefit us:
- This type of financial movementis very comfortable and fast when carrying out any transaction.
- Being a digital wallet you will not need to go to the bank to withdraw cash, because you can pay online.
- It offers various payment methods such as PayPal, debit and credit cards.
- Using this server is free and you can download it on any smart device.
- By having an existing support, it provides confidence and security for your online movements.
- All the history of executed transactions are automatically saved in the system.
- It has Biometric methods to assign PIN and thus verify processes.
On the other hand, there are its disadvantages, which are few and we show them in great detail:
- You will not be able to find this server available for all the countries of the world.
- As the procedure is new, most businesses have not implemented it in their businesses.
- You will only find it suitable for working together with the Messenger App and Facebook.
How to set up the main payment account in Facebook Pay?
Although every day there are better applications to earn money, you should know that you can send it with Facebook Pay. Well, this innovative platform allows its users to receive or send safely and efficiently. By allowing the use of different methods when paying.
So, if you are thinking of using this service, follow these steps to modify it:
- Find the settings section,located in any of the apps that use this feature, and click on the Facebook Pay option.
- Now, choose the payment process that you will use for your business and save it.
- Finally, you only have to enter the information of the accountthat you will use, be it debit, credit, PayPal or Stripe, and save the data.
It is important to mention that Facebook does not automatically add the Facebook Pay server in the programs that you use continuously. To do this, you must enter it and manually configure it as a default service on the web that you want to use.
Steps to follow to activate Facebook Pay correctly
One of the special services that you will find in this new procedure is to send or receive money from your loved ones, friends or acquaintances. Well, you just have to open a chat window with the contact you want and select the ‘make payment’ tool and indicate the amount to send.
But for this you must activate it first, so follow these simple steps:
- Find the official Facebook pageor enter through its App with your personal account and click on the menu on the right of the screen.
- Then go to the ‘account settings’ section, open Facebook Pay located in the same window. Add the bank details that will be used as a payment method in your businesses and save them for later use.
- All purchase and sale movements will be executed through the conversations by clicking on the‘ Payments’ or ‘Payments’ icon.
Does Facebook Pay charge commission?
It is important to clarify this point, since it is necessary to know how much money to have to be able to do business on said website. When using the platform, no type of commission will be charged, but small costs are generated in some cases.
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