Thursday, January 21, 15:22
Home inet Facebook Pay: Now you can send money through Facebook

Facebook Pay: Now you can send money through Facebook

Facebook has officially entered the digital payments industry with the launch of Facebook Pay in the US. The platform will allow users to make payments through Facebook and Messenger, and the company says Facebook Pay will be expanded to Instagram and WhatsApp in the future.

The Facebook Pay is currently available only in the USA. The payment service will be launched to Facebook and Messenger users this week.

The company has promised to expand Facebook Pay to more countries. And as noted on its website, the service will also come to Instagram and WhatsApp.

Currently, the platform allows users to pay for fundraising, in-game purchases, event tickets, private money transfers on Messenger and purchases from selected pages and businesses on the Facebook Marketplace.

According to Facebook, the new payment platform supports all major credit and debit cards as well as PayPal. Payments are made in partnership with companies such as PayPal and Stripe. And in accordance with Facebook's payment terms, mobile phone billing will also be a way of payment on the platform.

The company says that Facebook Pay “is based on the existing financial infrastructure and partnerships and is separate from the Calibra wallet which will operate on the Libra network ”.

Facebook will not charge users when they send and receive money through Messenger. If you are under 18, you will not be able to use the peer-to-peer (P2P) payment service in Messenger. P2P should also not be used for commercial transactions. Facebook says it will discontinue payment services if it discovers such prohibited transactions.

How Safe is Facebook Pay?
When it comes to security and privacy, it is difficult to trust a social media platform like Facebook to become a financial tool. However, Facebook assures users that the new platform is designed to "securely store and encrypt your card and bank account numbers."

The company says it uses fraud tracking systems to detect unauthorized activity and provides account activity alerts.

You will be able to add a PIN for payment via Facebook. Alternatively, you can also use fingerprint or face recognition to verify payments.

Facebook will provide live chat to users who have questions about their Facebook Pay transactions. Live chat will be available between 6: 00 AM and 6: 00 PM (PST).

LEAVE ANSWER

Please enter your comment!
Please enter your name here

SecNews
SecNewshttps://www.secnews.gr
In a world without fences and walls, who needs Gates and Windows

LIVE NEWS

COSMOTE and Microsoft provide new cloud solutions for businesses

COSMOTE and Microsoft expand their cooperation, offering even more advanced and high quality cloud solutions, in large and small ...

Cyber ​​attacks in Eastern Europe are on the rise!

The cyber-attacks that have taken place in many US government agencies and companies in recent months have caused concern in the developing countries of ...

Tesla reduces the prices of the Model 3 in Europe

Tesla has reduced the prices of the Model 3 in many European markets, which reductions could be partly linked ...

iOS, Android, XBox users in the crosshairs of a new malvertising campaign

Recently a new malvertising campaign was discovered that targets users of mobile and other connected devices and uses effective ...

Microsoft: "Zero trust" protects against sophisticated hacking attacks

According to Microsoft, the techniques used by the hackers of SolarWinds, were sophisticated but common and preventable. To avoid future attacks ...

US: Twitter locks Chinese embassy account due to "dehumanization"

Twitter said it locked the account of the Chinese embassy in the United States for a tweet about its women ...

Ransomware victims pay a ransom to prevent their data from being leaked

Keeping backups is very important, especially in cases of Ransomware attacks. However, it seems that the hackers are using new methods, with ...

QAnon fans: Disappointed on social media after Biden was sworn in

Some QAnon supporters have expressed frustration at online forums and chat rooms over Joe Biden's swearing-in. Most...

COVID-19: Amazon wants to help Biden distribute the vaccines

Amazon has offered to help President Biden distribute COVID-19 vaccines. The letter from Dave Clark, vice president ...

Nitro PDF: Leaked database with 77 million user files!

Hacker leaked on January 20 a stolen database containing email addresses, names and passwords for over ...