Facebook Pay is Now MetaPay and Here's All the Details

 

The ongoing efforts of industries worldwide with their adaptation to the Metaverse have shown promising progress. This includes Facebook announcing its rebranding to “Meta” on October 28, 2021. With almost 3 billion monthly active users as of July 2022, this leading social media platform has grown further in providing convenience to its users, which includes online payments.

Meta Rebranding

Facebook has come a long way since it started with simple functionalities for interaction with other users and sharing photos or comments. They have formed a new goal toward the digital future, aiming to build the next evolution of digital connection.

Meta announced last June that they were [updating Facebook Pay to Meta Pay](https://www.pymnts.com/digital-payments/2022/meta-rebrands-facebook-pay-to-meta-pay/#:~:text=Meta%20announced%20Thursday%20(June%2023,rebranding%20that%20began%20last%20year.). The rebranding of the company is linked to the plan of Meta’s CEO Mark Zuckerberg to create a Metaverse. The company’s focus is to bring the Metaverse to life through online shopping, different communities, and businesses. They have given assurance that the rebranding would not affect the services as they “stay the same easy way to shop, send money, and donate to causes you care about on Facebook, Instagram, WhatsApp, Messenger, and anywhere else you could use Facebook Pay.” 

 

Now that they have integrated Facebook payments within their apps, customers, and businesses alike can make use of this functionality. Furthermore, Meta believes that this change will bring the payment transaction offering closer to its rebrand.

What Is MetaPay?

 

Previously known as Facebook Pay, Meta Pay is an online payment method that lets people make purchases without entering payment information every time. This simplified payment can secure transactions without having to install another app to be able to use them. Moreover, Meta Pay can attract new customers through its zero fees for online payments for business owners and customers, to name a few.

A plethora of ways to make payments online can be found anywhere as people are approaching the digital world. For Facebook, adding this online payment to the digital market allows a lot of benefits across all users. Customers can use Meta Pay, an in-app payment gateway, to pay for their purchases from the Facebook Marketplace, Facebook Shop, Instagram, and e-commerce stores. Aside from that, users can also send or receive money from friends and family, and donate to charitable causes.

How to Set Up Your Facebook Pay Account:

 

Here’s how you can start using Facebook Pay or Meta Pay through the following steps:

 

1. Create your Facebook account

To make use of Meta Pay, you need to have an active Facebook account. If you don’t already have one, you may sign up through this link. This can be done on a desktop computer or the Facebook mobile app.

2. Select Facebook Pay and add payment details

You can find Meta Pay in two ways. First, by searching for “Facebook Pay” or “Meta Pay” in the Facebook search bar. Second, is going to Facebook or Messenger > “Settings” > “Facebook Pay”. 

3. Add payment method

Enter your preferred payment method, which can be added by clicking the Add Credit or Debit Card or Add PayPal option. Just a tip, you need to fill out the necessary fields to pay or request money.

How Can Facebook Pay Benefit Me?

• It’s free.

Facebook Pay is free to use for all customers, making it a highly valuable payment option. Furthermore, on the business side, sellers can also make use of this payment method without any transaction fees.

• Another payment method.

Metapay provides a seamless process for any payment transaction. This is as long as users have their debit card, credit card, or other payment option stored in their Facebook account. For business owners, by adding MetaPay, they give customers an option to use this method without additional fees, all within the Facebook-owned applications.

• It’s convenient.

Meta Pay stores payment details for the customer so the customer does not have to retype his or her information on every purchase. Moreover, if the business owner or any user receives money from another account, Facebook Pay transfers the account to the added debit or PayPal account. Unlike other applications, Facebook transfers the amount automatically, but it may take up to 3-5 business days for the payment provider to post the money on your account.

• Enables faster transactions for businesses.

A great thing about Facebook Pay is that you can use it across Facebook, Messenger, Instagram, and WhatsApp platforms without needing to install another app. In line with this, MetaPay allows customers to check out their orders quickly through the already stored payment credentials.

• Brings more customers.

According to a Global Market Insights Inc. report, the mobile wallet market is expected to surpass $250 billion by 2024. Customers are now preferring to use mobile wallets for their expenses. For users that are predominantly using Facebook or Instagram directly, Facebook Pay is the key payment method for businesses.

• Your information is secured.

For extra protection, you may set up a PIN and device biometrics like fingerprints or facial recognition. Besides that, Facebook has anti-fraud monitoring wherein they can detect and notify you of unusual activities. You can also view your payment activities on Facebook.

 

• You have total control.

The addition of your payment details in Facebook Pay is manual, which means that you have the right to choose whether to use it or not. It would not automatically set up on the apps that you are currently using or are active.

• Real-time customer service is available.

Whenever you encounter payment concerns or inquiries, Facebook can cater to your concerns 24/7. You can reach out through email at any time of the day.

Business owners and customers can make use of Facebook Pay with its free services, convenient process, and ever-ready customer support. Moreover, Facebook payments can be a great way to make an online payment as simple as possible, all within the same app. This is an easy and secure way to purchase, send, receive, or donate money all within Meta-owned applications like Facebook, Instagram, and Whatsapp.

Facebook-pay , Metapay