Meta has rebranded Facebook Pay to Meta Pay to bring its payment offering closer to its rebrand. Last year the company rebranded to reinforce its commitment and vision to building the next evolution of social connection — the metaverse.
Facebook Pay was launched in 2019 as a payment system to operate through all of Meta’s apps. Meta Pay will be the same easy, secure way for you to shop, send money, and donate to causes you care about across the company’s technologies, including Facebook, Messenger, Instagram, and WhatsApp, as well as anywhere you previously would’ve seen the Facebook Pay button while shopping online.
The company also noted that Meta Pay’s features and the overall user experience that its users know from Facebook Pay will remain unaltered. This change is first rolling out in the US and will roll out globally over time.
Meta Pay just like Facebook Pay will enable people to add their preferred payment method once, then use Meta Pay where available to make payments and purchases across our technologies and while shopping elsewhere online. Also, they will be able to view payment history, manage payment methods and update their settings in one place. Users will also get 24/7 customer care via email or chat where available.
Commenting on security and protection for payments, Meta’s Head of Fintech and Commerce, Stephane Kasriel said, “We’ve offered trusted payment services since 2009. Today, we enable people and businesses in over 160 countries to make payments in 55 currencies.
“We continue to invest in security. Just as with Facebook Pay, Meta Pay encrypts and securely stores your payment card numbers, performs anti-fraud monitoring on our systems to detect unauthorized activity, and notifies you if that occurs. You can also create a Meta Pay PIN or use your device’s face or fingerprint recognition to secure every payment.”
How to Set up Meta Pay
If you have previously set up Facebook Pay, then there’s no action required to start using Meta Pay. All of your existing Facebook Pay information will remain the same in Meta Pay, including account details, your payment method, and settings. If you’re new to Meta Pay, it’s easy to set up:
- Go to Payments settings.
- Enter your payment method and account information. Meta Pay supports most major credit and debit cards, as well as PayPal and Shop Pay.
