How do I make payment for Facebook Ads or what payment options are accepted for Facebook Ads? In the meantime, Facebook has outgrown a lot of social media platforms due to the way it works. Presently, Facebook allows its users to grow or advertise their businesses on its platform. You can see that this is actually an amazing benefit of Facebook. This is not common to many other social media platforms but this tech giant allows for this. Meanwhile, the main purpose of this article is to show you to make payment for your Facebook Ads. Thus, this article is mainly for those who have a Facebook page.
When you make an advert on Facebook, you set a plan for each Ad that you run. Facebook helps to manage your budget equivalently throughout the period your Ad run unless you’ve chosen the accelerated option as your delivery type. You won’t get charged more than the budget you set because you’re in control of how you spend. However, you need the know the difference between the amount spent and the budget. Budget is the amount you are planning to spend on running while Amount Spent is the amount you spend toward your total or lifetime budget.
Your budget for your Facebook Ads payment is not necessarily the actual amount you spend. Your budget may be entirely different from the actual amount you spend. For instance, when plan not to spend more than $90 in a month but you only spend $60 during that month base on your Ad performance. Then your bill is $60.
Payment Options Accepted For Facebook Ads
When you create or open a Facebook Ad account, the payment option you choose will determine how you will pay for your Ads. If you choose any manual payment methods like Bancario or PayTM, your account is simply set up for manual payments. Meanwhile, you can pay for your Facebook Ads using any of the following methods;
- PayPal
- Co-branded debit cards and credit cards such as Visa, Mastercard, Discover, and American Express.
- Bank account [direct debit] in supported countries.
- Local manual payment methods in supported currencies and countries.
On the contrary, the payment option is available depending on the country and currency of your Ad account. You can choose any of the payment methods above to pay for Facebook Ads.
How To Add A Payment Method To Your Ad Account
You can add any payment method to your Facebook Ad account and manage them from the payment settings. Facebook allows you to choose a wide range of payment options when running Ads. Before you can publish a new Ad, you need to add a payment method. You can proceed to add the payment method if you are an Ad account admin. But if you’re not an Ad account admin, you are likely to encounter an error. So, before you can add a payment method;
- You must be sure that the payment method you are adding is accepted as an option for Facebook Ads.
- if your Ad account is set up for manual payments, you cannot use the steps below to add a payment method. Moreover, some payment methods are not available. E.g., PayPal.
- You must be the admin of the Ad account to add a payment method.
To add a payment method to your Ad account
- Visit your payment settings in Ads Manager.
- Click Add Payment Method in the Payment Method section.
- Then select the payment method you want to add. Enter your details and tap ‘Next’.
After that, follow any additional instructions to add your payment method. Your payment method is simply saved to your account.
How To Make Payment For Facebook Ads
Making payment for your Facebook Ads pretty easy. You can make a payment anytime for your Ads before your monthly bill date. Also, you have to be an admin before you can make payment. To make payment for your Facebook Ads, follow the steps below;
- Visit the payment settings in Ads Manager.
- Click the ‘Pay Now’ button beside Amount Due button.
- Then input the amount you want to pay.
- Choose the payment method want to use.
- Finally, click ‘Pay Now’.
Immediately you click ‘Pay Now’ your selected method is charged at once. However, if you don’t use PAY NOW to make the payment, you are charged when you reach your billing threshold.