Will Online Sellers Use Facebook's New Payments Service

Facebook's new payment service has several things going for it that might sound appealing to online sellers. First of all, it's free. Secondly, there's no risk of chargebacks since senders cannot use credit cards to fund payments. But hold your horses — this isn't a solution for e-commerce payment processing. Facebook launched a payments service on Tuesday designed not to pay for purchases, but rather to pay your friends. The person-to-person service works with Facebook Messenger, which is Facebook's answer to texting.