What you buy with Facebook Pay could affect the ads you see

Facebook's new Apple Pay and Venmo competitor has permission to use your actions to personalize ads. 

The company unveiled Facebook Pay on Tuesday — an upgrade that combines the existing peer-to-peer payment feature on Facebook Messenger with the one-time payment option for donations and purchases on Facebook. The project, which Facebook says is separate from Libra, its cryptocurrency project, will debut this week in the U.S. on Facebook and Messenger, and later on Instagram and WhatsApp.

Users can connect their PayPal account and debit or credit cards to Facebook Pay — which will then allow them to view their payment history, donate to fundraisers, pay friends, make in-game purchases, and buy products from Facebook Marketplace and select Pages and businesses.  Read more...