How To Add Payment Method To Facebook Business Manager

Setting Up and Updating Payment Methods for Facebook Business Manager

In the dynamic world of online advertising, keeping your Facebook Ads running smoothly often means staying on top of your payment methods. For many, navigating the intricacies of the Facebook Business Manager and Ads Manager platforms can be difficult. In this article, we'll guide you through the essential process of setting up your Facebook payment method, ensuring your campaigns continue to reach your target audience. And for those who need to update their payment details, we've got you covered too.

Setting Up Your Facebook Payment Method: A Quick Overview

Before diving into the world of Facebook advertising, it's crucial to understand that payment methods are a fundamental requirement for creating and running ads on the platform. If you're new to Facebook Business Manager and Ads Manager, a brief introduction to the platform can be found here.

Setting up your payment method is the first crucial step before you can start creating ad accounts or assigning payment methods.

Adding a Payment Method to Your Facebook Business Manager

Facebook offers a range of payment methods to choose from, providing flexibility for advertisers. However, make sure that you are the ad account admin before proceeding, as lacking these permissions may lead to errors when attempting to add a payment method.

Here's a step-by-step guide to adding a payment method to your Facebook Business Manager:

Step 1: Log in to your Facebook Ads account by visiting https://business.facebook.com/. We assume at this point you already have your Facebook account, but if for some reason you still haven't, make sure you click on "Create an account" and follow the instructions.

In case you have multiple businesses, you’ll get a prompt to choose one. However, sometimes you might see the last opened Business Manager right away so make sure that you are in the right BM before proceeding.

Step 2: You’ll be greeted with Meta Business Suite. Don’t let it intimidate you, it’s just a central hub that allows you to control and manage everything from posting to your Facebook and Instagram pages to advertising and analyzing your ad campaigns.

Navigate to the menu on the left and find “All tools”.

Step 3: Once you click All tools, you should see a bunch of options and tools. Find the ‘Manage’ section and click on “Billing & payments”.

Step 4: You will be redirected to the Billing hub. Find “Payment methods” on the left and click on “Add business payment method”.

Step 5: Choose a suitable payment method and click “Next”.

Step 6: In the following pop-up window enter the credentials information of your card and click “Save”.

Step 7: If your card details are correct, you will see a message confirming that you added a new payment method to your account.

Updating Your Payment Method

If you're not looking to add a new payment method but need to update your existing one, it's a straightforward process. Simply follow these steps:

• Go to your Business Manager’s homepage.

• Then click on All tools and go to Billing & payments.

• Navigate to Payment settings.

• Click "Edit" next to the payment method you wish to update.

• Make the necessary changes.

• Click "Save" to finalize the updates.

By following these steps, you'll ensure your payment methods are up-to-date and ready to keep your Facebook Ads campaigns running smoothly. Stay ahead in the digital advertising game by mastering the art of managing your payment methods on Facebook Business Manager.