[ad_1] Now, Apple has agreed to let Facebook Pay process all paid online event purchases. This means Facebook can absorb the cost, and Apple won’t get a cut. But this agreement only lasts until December 31st. “Apple has agreed to provide a brief, three-month respite after which struggling businesses will have to, yet again, pay […]
Category: facebook pay
Facebook forms financial group to focus on payments
[ad_1] The company believes that enabling such purchases makes advertising becomes more valuable. CEO Mark Zuckerberg has said that he’s quite keen on growing in-app transactions. “As payments grow across Messenger and WhatsApp, and as we’re able to roll that out in more places, I think that will only grow as a trend,” he said […]
Tech companies won’t become banks, but they’ll pretend to
[ad_1] You can’t escape stories of tech companies dipping their toes into banking. This year, Google revealed it’s working on a check-clearing platform for 2020, and Facebook relaunched its own payments platform. Apple launched a credit card in partnership with Goldman Sachs’ Marcus digital bank, too. As hardware sales and ad revenues dry up, these […]
Don’t underestimate the power of Facebook Pay
[ad_1] The pitch for Facebook Pay is pretty simple: Connect your chosen card or PayPal to your Facebook account. Agree to connect it to Messenger, WhatsApp and Instagram and you’ll be able to send and receive money from any of those platforms from anywhere in the world. It is the logical extension of Facebook’s plan […]
Facebook Pay lets you buy goods and send money inside Facebook’s apps
[ad_1] Facebook is unsurprisingly aware of the potential security and privacy issues, although its statements won’t be completely reassurance. You can require either a PIN code or biometrics for purchases, while all data is both encrypted and monitored for fraud. Your shopping history won’t be shared outside of the app, and bank and card account […]