As of today, Facebook Shop supports transactions made with PayPal. This integration makes it easy for customers to buy products they discover on Facebook Shop, without ever having to leave the app. All they need is a PayPal account.
PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. PayPal was founded in 1998 as Confinity, a company that developed security software for handheld devices. In 2002, Confinity merged with X.com, an online banking company founded by Elon Musk. Musk was the company's chairman and CEO until October 2000, when he resigned to join SpaceX. Peter Thiel co-founded PayPal with Max Levchin and Luke Nosek in February 2000. Levchin was CTO until November 2006, when he resigned to join Google. PayPal was developed and launched as a money transfer service at Confinity in 1999.
Facebook Shop lets businesses of all sizes set up a shop and sell products directly on their Facebook Page. Facebook Shop is powered by PayPal, so businesses can accept payments through PayPal or credit card. Setting up a Facebook Shop is easy and free, and it takes minutes to get started. Overall, Facebook Shop is a great way for businesses to sell products directly to their customers on Facebook. It's easy to set up and use, and it's powered by PayPal, so businesses can accept payments easily and securely. If you're looking for a way to sell products on Facebook, Facebook Shop is a great option.