FACEBOOK PAY OFFICIAL PAYMENT PLATFORM.

In The race to become tech giants against Google and Apple, Facebook has announced its payment platform, know as "Facebook Pay". 

it's a single payment system that cuts across all things under the Facebook umbrella — Messenger, Instagram, WhatsApp, and Facebook.

Facebook Pay will offer users a way to send money for things like in-app purchases, user-to-user payments, fundraiser donations, and other purchases across Facebook and Messenger, and later Instagram and WhatsApp. PayPal, as well as major credit and debit cards, are supported by the product, and Facebook says that payments can be processed through partner services like PayPal and Stripe. Users will be able to set it up from the Settings menu of individual apps either app-by-app or across platforms.

In a parallel blog on Facebook Pay, the social media giant has clarified that their new payment service is different from their bitcoin-based Calibra wallet, which runs on Libra network.

Uses of Facebook Pay

Facebook and Instagram both allow users to buy and sell products on their platforms. While Facebook has its own Marketplace, Instagram’s shopping feature has a huge customer base. Facebook Pay will enable users to pay for fundraisers, donations, in-game purchases, event tickets, to pay friends on Messenger, and purchases from “select Pages and businesses” on Facebook Marketplaces.

Steps on How to Get Started?

You can start using Facebook Pay on Facebook or Messenger with just a few taps:

• Go to “Settings” > “Facebook Pay” on the Facebook app or website
• Add a payment method
• The next time you wish to make a payment, you can use Facebook Pay

Facebook Pay is rolling out to a set of countries and apps first, with the intention to bring this service to more people over time. it's Now available in the United States. Availability varies by country.