Facebook Pay has been available as a means to send or exchange money across several Facebook-owned platforms for some time, but Facebook plans to expand its reach next month. In a recent announcement, the social media company says it will allow US-based businesses to use Facebook Pay as a new payment option, beginning with Shopify merchants.
The Facebook Pay service boasts easy setup, fast checkout, and convenient access across various Facebook apps for things like retail purchases, money sharing, and donations to charities. It claims no additional costs to either businesses or purchasers, and currently accepts credit or debit cards, with additional payment methods to be added in the future.