Learn how to set up Facebook Ads Manager (Meta) payments with step-by-step instructions. Choose a suitable payment method, link a bank card, and set currency easily.
How to Set Up Facebook Ads Manager Payments
Before you start running ads on Facebook, you need to set up Facebook Ads payments in your Facebook ads meta account.
With the help of our step-by-step instructions, you will quickly deal with this, as well as learn several important things regarding connecting a bank card to your account and changing currency.
Payment Methods By default, Ads Manager offers 4 payment methods:
- Debit or credit card (supported payment systems – Visa, MasterCard, American Express, Discover);
- PayPal (international electronic payment system);
- Online banking (the system offers a wide selection of banks providing online banking services);
- Advertising credits (coupons that can be obtained as a bonus from the social network Facebook).
Choose the method that is most convenient for you to use in Setting Up Facebook Ads Manager Payments.
Step by step to Set Up Facebook Ads Manager Payments
To select and Set Up Facebook Ads Manager Payments, follow these steps:
- Click on the gear-shaped “ Settings ” icon in the vertical menu on the left.
- In the menu that opens, click on the icon with the image of a bank card “ Payment Settings “.
- In the “Payment Methods” category, click the “ Add payment method ” button.
- In the window that opens, specify your country, currency, time zone, then click “ Continue / Next “.
- In the “Add payment information” window, select the appropriate payment method: debit/credit card, PayPal, online banking, or coupon. Then click ” Continue / Next “.
Carefully fill in the bank card details (you will need the card name, number, expiry date and CVV code) and save.
If you choose PayPal, log in to your PayPal account in the window that opens, or create an account if you don’t already have one.
When choosing online banking, mark one from the list of banks you use in the open services.
In Setting Up Facebook Ads Payment, you can also pay for ads through special coupons provided by the Facebook social network itself. Have you chosen what you need? Then click ” Save “.
On the “ Payment Settings ” page, After Setting Up Facebook Ads Manager Payments, you can immediately set your own financial spending limits to control advertising costs. To do this, in the “Account Spending Limits” category, click the button with the ellipsis icon and click “Set limit”.
Important things in linking a bank card
It doesn’t matter which bank card you use to Set Up Facebook Ads Manager Payments. The most important is the payment system (e.g., Visa, Mastercard, American Express, Discover).
It is also important that the currency you choose for your advertising account matches the currency in which your card account is opened. This means that if you connect a dollar card to your account, you can’t select euros when setting up payments in Ads Manager.
It is not always possible to choose any payment system. Sometimes users encounter restrictions related to the country they specified during the advertising account setup process.
For example, in Vietnam, you will not be able to link an American Express card to your account, and in the United States, you can only use a JCB system card if you choose Japanese yen as the currency.
Note that you must have at least $1 on your bank card. When you connect it to your account, Facebook will deduct this amount from your account for the purpose of verifying your identity. Then these dollars will be returned.
If you notice that $1 is missing from your card, don’t worry. Remember that is how this verification system works.
If necessary, the connected card can be replaced with another. To do this, go to the “ Settings ” section by clicking on the gear icon and select “Payment Settings”.
There, you can connect a new card using the same algorithm as the first card. After that, 2 cards will be displayed in your account. The card you connect first will get main status.
If you want to make a new one the main one, mark the appropriate mark in front of it, and leave the previous card or delete it completely.
Important things to consider when choosing a currency
You already know that the currency of your bank card and the currency specified in Ads Manager must match. But what if you make a mistake? You can easily change the currency in your advertising account. But there is one important nuance.
When you make such changes, you automatically lose the old account and create a new one. All ads on the old account will stop showing. Therefore, carefully consider the pros and cons before taking such a step.
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Connect your Facebook advertising account to messenger so employees receive notifications about new leads. Create an integration with an SMS service so that a welcome message is sent to every new customer.
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In this article, we have provided a step by step guide on how to Set Up Facebook Ads Manager (Meta) Payments. You can choose a suitable payment method, such as debit/credit card, PayPal, online banking, or advertising credit.
It is important to connect a suitable bank card with a supported payment system. Also note that the currency you choose must match the currency of your bank card.
We also provide information on how to change linked cards and change currency in advertising accounts. Lastly, we recommend using SaveMyLeads to get real-time lead information from Facebook and Instagram.