So while PayPal is accessible to all, Facebook Pay is a great PayPal alternative for a tech-savvy customer base that regularly uses social media. All of its transactions are fee-free, whereas PayPal is notorious for its fees. That said, Facebook Pay has one significant advantage over PayPal. That’s because virtually any customer can use PayPal, whereas Facebook Pay’s audience is limited to Facebook and Instagram users. PayPalĪlthough Facebook has billions of users, its business payment processing platform has yet to become as ubiquitous as PayPal. To find the right credit card processing company for your needs, visit our credit card processing best picks page. Facebook Pay costs are baked into your credit card processing expenses. Your current credit card payment processor will handle all your Facebook Pay needs. Both you and your customers can implement it without paying any money if you already accept credit cards. What does Facebook Pay cost?įacebook Pay is free. Customers can use Facebook Pay to buy almost all types of goods and services. No more entering payment information and addresses – a click or two is all it takes. Since customers only need to be logged in to their Facebook profiles to use Facebook Pay, online payments become much more efficient. It integrates seamlessly with most payment processing and e-commerce platforms. Either way, with Facebook Pay, customers don’t have to enter their payment card number for every transaction.įor small business owners, Facebook Pay works just as simply. Users can also opt for biometric identification methods in place of PINs. To use Facebook Pay, customers check out, indicate they want to use Facebook Pay, and enter their PIN to complete the transaction. The process is seamless as long as users have their debit card, credit card or another payment option stored in their Facebook account. How does Facebook Pay work?Īny customers who use Facebook can automatically use Facebook Pay while on Facebook, Instagram, Messenger or Portal. You’ll need to add the Facebook Pay option to your company’s website to get started. Then, when they buy your products on social media or your business website, they can choose Facebook Pay at checkout. Facebook users who want to use Facebook Pay start by adding their payment, shipping and personal information to the Facebook app. What is Facebook Pay?įacebook Pay is a payment method customers can use to buy your products. Here’s what you need to know about Facebook Pay. This new service can be a huge benefit to your business. Case in point: Just as Google Pay followed Apple Pay, now Facebook Pay is an option. They often stem from big tech companies creating their own versions of tools that other big names have already developed. These methods are rarely the result of some new genius technology. Sometimes, it feels like every few months, there’s a new way for customers to pay you online.
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