As you know, the business group that is made up of Facebook, Instagram and WhatsApp changed its name some time ago to Meta. This meant that many of its products also changed, such as Facebook Pay to Meta Pay. Its operation is the same, but If you don't know how Facebook Pay or Meta Pay works, this information we have collected will interest you.
Do you want to know more? Then read on to use this tool with the best results. Shall we start?
What is Facebook Pay or Meta Pay
Before explaining how it works, it is important that you understand well what we are referring to with Facebook Pay or Meta Pay. If you have already used it, you will surely have a slight idea of this tool.
But if it has not been like that, we will tell you that it is a payment platform that has been developed by Meta. Its objective is for users to be able to make payments and purchases, and to send money to individuals through the group's social networks, such as Facebook, Instagram, Messenger or even WhatsApp.
In other words: it is a way to send money or receive it through Meta. Of course, it acts as an intermediary, since no money is stored on this platform. That is why everyone, both the one who receives and the one who sends, has to link a payment or money receipt method.
To make it easier for you to understand it. Imagine that your friends want to send you money from the last time you had lunch together. Well, to do this, instead of using transfers or similar, which may charge commissions, they use Facebook Pay or Meta Pay to transfer the money to a contact of theirs quickly without having to give their accounts, be it the card or the email. PayPal email. And the money goes from their account (whether card or PayPal) to yours in a matter of seconds. This way you don't have to wait for the money to be available.
How to activate Facebook Pay or Meta Pay
Now that you have a better idea of what you can do with Facebook Pay or Meta Pay, if you are interested in activating it, you will be able to do so. To do this, you have to go to one of the Meta platforms, such as Facebook, Instagram, Messenger or WhatsApp. Of course, before continuing with the steps we must tell you that not all platforms work in all countries. The normal thing is that in Spain (and in Europe) you can only find it on Facebook and Instagram, but not on the rest of the company's platforms.
To give you an idea, in Brazil and India you cannot activate Meta Pay or Facebook Pay through social networks, but rather it is done through WhatsApp.
The steps you must follow, according to the Facebook page itself, in its help service, are the following:
- Go to the profile photo, at the top right of the browser.
- Click on Settings and privacy. And from there to Settings.
- Lastly, go to payments.
- This can lead to ad payments (especially if you run ad campaigns on social media). But if Facebook Pay does not appear, you should know that it is being slowly implemented in different countries. The best thing is that visit their official page to find out if you could have this tool.
To activate it, you will have to enter an account from which you can withdraw money, or one from which to collect. For example, a PayPal account, a bank card or a bank account.
They will also ask you to set up a password to ensure that if you make a transaction, you confirm it to make sure it is what you want to do.
How Facebook Pay or Meta Pay works
The official Meta Pay page shows how this tool works. To do this, the first step is to open your favorite application, such as Facebook or Instagram in the case of Spain (that works with Facebook Pay).
Once done, you will have to add your credit or debit card or your PayPal account. You have to make sure to tell them what your preferred payment method is.
It will then ask you to create a PIN code to protect you from unauthorized transactions. Finally, you will review all the information you have entered to see if it is correct or not. In addition, you will also be able to access your account and see the history of transactions that have been made, whether payments or receipts of money.
The difference between one and the other will be in the plus or minus sign that will appear next to the money figure. If it is positive, it is income. If it is negative, a money transfer.
Additionally, if you have any problem with the tool, it has 24/7 support, which means that you can talk to an agent at any time to solve what you need (or guide you).
Advantages
Finally, we would like to make clear to you some of the advantages that you will find in Facebook Pay or Meta Pay. One of the most important is regarding commissions. You should know that using this method of payment or receipt of money will not imply the payment of commissions to Meta, so they will not keep your money, not even a small part.
In addition, thanks to data privacy, these will be encrypted. Although here we must keep in mind that Facebook will see your purchase or sales history and that will influence the type of ads it will show you to personalize them as much as possible to your preferences.
At the eCommerce level, you should know that you could also offer in your store the possibility of paying with Facebook Pay or Meta Pay, which makes customers feel more secure, since they will not share their payment information with you (and that It always helps to buy more insurance).
Now it's your turn to think if you want to use this platform now that you know how Facebook Pay or Meta Pay works. Do you have any doubts?