Facebook is rolling out a new system designed to prevent users from having to type their payment details out on small mobile screens. The new feature called “Autofill With Facebook” allows users to store their payment information and have it entered automatically on several mobile commerce applications. The feature was in a test for the last couple of weeks, and now it is being rolled out for all users to access.
Facebook is not actually processing the payments, at least not for the time being. Instead, it has partnered with Stripe, PayPal, and Braintree to handle the actual payments. Down the road, Facebook might decide to jump into the payment processing game, but for the time being, it is relying on the assistance of three companies that have been in that space for a long time.
For the time being, there are only two applications that are using this option. First, we have Mosaic [No Longer Available], which is an app that allows users to purchase photo books. The other application that supports this new payment option is called JackThreads, which allows users to purchase clothing. Each of these uses Braintree for processing its payments.
As for Stripe applications, the system is in place, and it will be rolling out to various apps soon. Stripe did not specify which apps will be getting Autofill With Facebook, so time will tell where that ends up. PayPay, on the other hand, has agreed to join the program, but it has not actually rolled out integration just yet.
To use this new feature, payment information needs to be stored with Facebook. Users who have not done so can store their information via this page.