Is the new facebook pay trustworthy? Can you give the authority to access your money to facebook?Let's get it know all the important details of Facebook pay!
On Tuesday, the social media giant unveiled a new payment system that challenged Apple Pay and PayPal's Venmo on Facebook Messenger, WhatsApp and Instagram and, in a direct way.
Facebook says that users can shop or send money to merchants or donate to each other in a move to all three of their apps that link those apps with Facebook's main platform and Also integrates more deeply. Currently, users can only send money via Messenger, although the company is testing the purchase on Instagram.
Whether or not to use Facebook Pay is dependent on users of its platforms, the company says. "You can set up Facebook Pay app-by-app or choose to set it up across the app (where available). This means that we can use Facebook Pay on the app you activate Won't automatically set, unless you choose. Do it, "said Erin Egan, vice president and chief privacy officer of public policy, in a statement.
Facebook on Black: Users Call It 'Zuked', Talking About Racism Censored as Hate Speech Facebook says it has used measures such as fraud detection, a personal PIN, and biometrics to help protect against unauthorized transactions on your device.Consumers should note that the data collected from transactions on Facebook Pay will help the company deliver more targeted content and advertising.
Facebook bias: Black Facebook employees complain of racism, discrimination has become worse Facebook CEO Mark Zuckerberg has made clear his ambitions to merge all three messaging apps, a move that would make the Silicon Valley company growing under antitrust scrutiny more difficult. The move to launch Facebook comes as Facebook faces a setback from MPs and regulators over its plan to launch its own digital currency, Libra.