Facebook Pay Will Extend to Online Retailers in August, Company Confirms


Facebook”s payment system is all set to extend to online retailers in August this year.

As per an announcement made by Facebook on July 14, shoppers will eventually see another option listed next to the usual payment methods, now that Facebook Pay will expand beyond the company”s own platforms.

Not long after credit card companies dropped out of its Libra cryptocurrency project, Facebook launched its payments system for use across the main site, as well as WhatsApp and Instagram.

Now, just like Google’s stored cards, PayPal integrations, Amazon Pay, and others, Facebook Pay is opening itself up for use in transactions with participating retailers. Shopify merchants are first in line to add the system on their sites, with others to follow after it launches in August.

Of course, this isn’t just an easier way for retailers to get paid with cards customers have already stored in their Facebook profiles, it’s also a way to get even more data into Facebook.

The announcement points to this privacy page for Facebook Pay, which clearly states:

1. As with previous payment options on our apps, when you make payments with Facebook Pay, we”ll collect information about the purchase such as the payment method, transaction date, billing, shipping and contact details. We designed Facebook Pay to securely store and encrypt your card and bank account numbers.

2. As with our other products, the actions you take with Facebook Pay can be used for purposes such as to deliver you more relevant content and ads, to provide customer support and to promote safety and integrity.

The card and bank account numbers you provide will not be used to personalise your experience or inform the ads you see.




Source link

More from author

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related posts

Advertismentspot_img

Latest posts

Have your preferences changed for what you like in a blush? (If so, how?)

Comments that do not adhere to our comment policy may be removed. Discussion and debate are highly encouraged but we expect community members to participate respectfully. Please...

Metroid Dread Update Now Live, Fixes Progression Bug And Various Other Issues

Update, 10/21/21: Nintendo has released a software update for Metroid Dread that fixes the progression bug it tweeted about last week. It fixes "several other...

Las Vegas can be next new F1 race in America

Oct.21 - Las Vegas, the fabled casino capital of the US, could be the next host to be added to the Formula 1...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!