How to accept payments on Facebook as a business

Facebook Marketplace is an excellent sales channel for eCommerce businesses. It’s used by more than one billion people each month.¹

One advertisement on the Facebook Marketplace can reach a whopping 562 million people.¹ This gives your products global exposure.

Let’s look at how to accept payments on Facebook for your eCommerce business. We’ll also check out how you can accept payouts with your PayPal account.

Receive international payments
with Wise Business

How do I receive payments on Facebook?

The Facebook Marketplace is a great place to give your products exposure.

But to sell products, you’ll need to add a payment method. So let’s look at how to accept payments on Facebook marketplace.

When a customer makes a payment, the money goes directly into your connected payment method. This could be a debit card, bank or PayPal account. Facebook also supports local payment methods and currencies.²

You can add a payment method to your Facebook Business Manager to receive payments:

• Log into your Facebook account. You’ll need to have a business page to make this work
• Go to “Business Settings”
• Select “Payments”
• Click “+ Add”
• Fill out your payment information. You’ll be asked to provide your country and currency
• Select “Continue” and follow the on-screen instructions to complete your payment information

Keep in mind, you’ll need to be an admin or finance editor to make changes to payment methods.³

How do I receive PayPal payments on Facebook?

You can add your PayPal account to Facebook Pay.

When a customer makes a payment, the money will go directly into your PayPal account as long as the item is shippable.

Now that you’ve added PayPal to Facebook Pay, you can set it up as the account to receive payments through. Keep in mind that you can only do this with items that can be shipped. PayPal is also only available if you have an ad account with automatic payments.⁴

To get paid with PayPal through Facebook Pay, you’ll need to:

• Open your Facebook Marketplace

• Click “Create new listing”

• Add the necessary details to create a product listing. You’ll need to add the price, description, condition and a photo of your product. When you select the category, remember that you can only select those that say “shipping available”. Otherwise, you won’t be able to receive payouts through PayPal

• Select “Next”

• Select “Shipping” or “Set up shipping”

• Fill out the information needed for setting up shipping. You’ll need to enter some details so Facebook’s payment processors can verify your account. Part of this process is connecting a bank account. This is so Facebook can send you payments, such as chargebacks

• Specify your shipping preferences. Local pickup is not available if you want to be paid through Facebook Pay. You can select “Shipping only” from the Delivery Menu to disable local pickup as an option. You can list your shipping carrier, rates, weight and other information too

• Add your product listing to groups or leave it in the Marketplace

• Select “Publish”

• Enter the tracking number of your shipment to mark your product as shipped. You can do this by buying a prepaid shipping label in the Facebook Marketplace. Or you can go to “Shipping orders”, enter the tracking number and save it

• Keep an eye on your PayPal account. Payouts are initiated 15 days after marking an item as shipped or 5 days after the item has been delivered. It can then take an extra 5 days until the payment reaches your PayPal account⁵

When you accept a payment through PayPal via Facebook Pay, Facebook will pay the transaction fee. But if a currency conversion is needed, you’ll have to pay a conversion fee.⁶

Receive international business payments with Wise

If you sell internationally, Wise Business could save you money in the process. It’s easy to set up and easy to use.

With a Wise Business account, you get access to local account details. From IBANs to Routing Numbers, you can get paid with ease, free of cross border fees.

And if you do need to make a currency conversion, you’ll get access to the real mid-market exchange rate. This saves you from hidden fees and markups.

Wise Business is not a bank, but a Money Services Business provider and a smart alternative to banks. It’s quick and easy to set up an account and get started.

With a Wise Business account, you can hold over 40 currencies in one place. You’ll also have access to local account details for up to 10 different currencies, enabling you to receive international payments like a local. This makes it easier for customers to pay in their local currency, and also saves you from having to pay cross border fees.

Overall, Wise Business is cheap to use. And where there are fees, you’ll know about them beforehand.

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

All sources checked June 22, 2023.