What Is Facebook Payments and How Do I Use It?

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Facebook has billions of users and offers many services. If you are on Facebook anyway, you can use it to send money to friends, businesses and charities. That is how.

Ah, Facebook. With billions of users who share their thoughts, their photos and even live videos, this social media platform is still the most popular. But although Facebook's main focus may be to provide a space for you to connect with friends, it is not limited to sharing your last beach vacation too much. You can shop on the Marketplace, donate to fundraisers and charities, and even transfer money to your contacts through Messenger for free. (Split a pizza with a roommate? Finish all discussions of the Venmo vs. Cash app and send him only the $ 10).

Where can I find Marketplace, Fundraisers and the Send Money option?

Sometimes your friends will share Marketplace items or fundraisers with whom they are involved, or post a charitable donation opportunity on their birthday. But if you want to access the main page of Marketplace or Fundraisers, you can find links to these in the left menu of your News Feed when you are in a browser. To find them in the iPhone Facebook application, touch the hamburger menu. Then you can buy or contribute without having to leave Facebook.

These activities require that you add a payment method to your Facebook account, which you can set up in advance or enter at the time of payment. You can then manage your financial information with the Facebook Payment settings. Facebook Payments allows you to add credit and debit cards and PayPal (but keep in mind that while credit cards can be used in Market transactions, they cannot be used to send money through Messenger). You will see the option to add your payment method when you send money to someone or make payment in a Marketplace store

Sending and receiving money in Messenger

If you are in a browser, connect Messenger to the bottom of the page Click on the Messages icon at the top.

In Messenger, start or open an existing chat with the person you want to pay or request money from. Then click on the dollar sign icon. Add a payment method if you have not already done so, enter an amount and an optional note, then press Request or Pay .

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If you will receive money from your Messenger contacts, make sure you have a debit or PayPal card set up. Otherwise, that money will finally be refunded.

Setting up Facebook payment methods

If you know that you are going to buy something or send money on Facebook (and especially if you will receive money), you can continue and add your PayPal or card information in advance.

Add or edit payment methods in a web browser

Log in to your Facebook account in a web browser and click on the arrow in the upper right corner. Then click Settings in the menu that opens.

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Once on the General Account Settings page, click Payments .

 Click Payments on the left side

You will then see tabs for Payment History and Account Settings. Click on the Account Settings tab to add, modify or delete credit cards, debit cards and PayPal accounts.

Note: Be sure to temporarily disable pop-up blockers before clicking Connect PayPal or that page will not open.

You can also add your shipping address here, so you'll be ready to pay quickly at Marketplace stores.

Once you have completed a transaction, it will appear in Payment History with a link to the entity's other Facebook profile. Click on any transaction to view payment details and download a PDF receipt.

How to add or edit payment methods on your mobile device

On your mobile, you can access Payments in two ways: through the Facebook application or the Messenger application. Here’s how to get there when it’s on your iPhone.

Open the Facebook application, tap the hamburger menu icon in the lower right, then expand the menu Settings and privacy . Touch Settings then Payments . The order and payment page allows you to modify your payment methods, game or application subscriptions and shipping addresses.

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If you are trying to obtain payments within Messenger, touch your profile picture on the top left of your screen. Scroll down to Preferences and tap Payments . Here you can add a debit card or a PayPal account. The Messenger application does not give you the option to add credit cards, so you must use the application or the main Facebook website to do so.

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How to enable PIN or password protection for each transaction

If you are worried about someone casually browsing your phone or computer and sending money In cash, set a password or PIN. You will have to enter it before initiating any transaction, which also slows it down enough to potentially avoid a costly error.

On the website, go to the Account Settings in Payments and set the Password to Activated in .

The Facebook and Messenger applications allow you to set a PIN from your main Payments pages, and Messenger also allows you to enable Face ID. Enabling a PIN in Facebook or Messenger applications will automatically enable it in the other application.

Conclusion

If you're on Facebook anyway, why go somewhere else to send money? The social media giant has made it quite convenient to buy things, pay your friends and even get philanthropy in one place. Even if you are unlikely to replace other payment services such as PayPal, Facebook Payments offers a decent alternative. Simply set your payment methods and voila.

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