Will we soon pay through Facebook?

Will we soon pay through Facebook?

Soon consumers will probably be able to pay through Facebook. If the website has the consumer's credit card details, an application will allow him to handle his mobile purchases more easily.

Mobile payment with Facebook login

The payment method through Facebook is currently being tested, but in the coming month the first real transactions will happen. The social network will team up with JeckThreads, because that company has to handle a large number of payments via smartphone.

 

The first time someone wants to use the new payment method, he will have to link his credit card to his profile. The next time it will suffice to log in with your Facebook account. The user can then use the form he filled out earlier to make his payment. This way credit card information or PayPal data will no longer have to be verified every time.

 

Wealth of information on purchasing behaviour

The big question will be whether people are willing to share their credit card information with Facebook. The company has some experience on the matter, seeing as it has the financial data from users who use Facebook Gifts or Facebook Credits.

 

For Facebook the application would mean a wealth of information about the purchasing behaviour of its users. Facebook says the new payment method is not intended to compete with other online payment methods, such as PayPal.

 

Questions or comments? Please feel free to contact the editors


Safe.Shop is new global eCommerce trust mark

16/10/2017

Safe.Shop is the world’s first global eCommerce trust mark. Currently, only twelve countries signed up, but that number should increase in the future.

Fashion platform About You launches in the Netherlands and Belgium

11/10/2017

German fashion web shop About You, the second largest online European fashion retailer, officially launched in Belgium and the Netherlands following an unofficial launch in the Netherlands some time ago.

Alibaba invests billions in physical retail

28/08/2017

Over the past two years, Chinese eCommerce giant Alibaba has spent nearly seven billion euro in physical retail. Its Hema Xiansheng chain already has thirteen supermarkets and it acquired luxury department store Intime from the government in January.

Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Back to top