Instagram quietly launches payments for commerce

Instagram quietly launches payments for commerce		
		
	Josh Constine

       @	   
   	9 hours

Similarly, this will be a huge boost to small business such as restaurants and cafe, those have been spending significantly on Instagram ads to get noticed.

TechCrunch reports that the feature allows a buyer to make payment directly to a seller within the Instagram platform, without having to leave for a separate website.

The Facebook-owned app has added a native payments feature, although it's now limited to only some Instagram users, according to TechCrunch.

As of now, the new payment settings are only provided to some users in the United States. Under your Profile tab, if native payments is available, you'll see the option to add a credit card or debit card from Visa, Mastercard, AMEX, or Discover.

The company confirmed the limited rollout, which could add a new revenue stream as Instagrammers shop and pay for salon appointments using linked payment cards without leaving the app.

Flipkart buys back shares worth $350, step closer to Walmart deal
Flipkart's last valuation when it raised Dollars 1.2 billion from Tencent, Microsoft and eBay was USD 12 billion. Softbank with 20% of shares is speculated to exit the company and rake in a total of $4 billion in the process.

While Instagram had previously expressed interest in allowing users to book services with Instagram, this is the first time it's become apparent that this involved an actual payment - not just booking - system. In other words, businesses that use Resy can accept your in-app reservations and bookings using your stored payment method. It is believed that in future, Instagram users can expect direct payments for things like movie tickets through the app. Card added in profile will be made safe with a security pin.

Instagram has quietly launched native payments, though it appears to be limited to only some users at launch.

Shopping through Instagram could prove popular and give businesses a big new reason to advertise on the app, with its polished pictures and plethora of brands. After the native payment option, brands can see higher conversion rates.

Setting up your payment details in Instagram.

Do you shop from Instagram often?

Related News:

  • Amcu concerned over trapped Sibanye-Stillwater mineworkers

    Amcu concerned over trapped Sibanye-Stillwater mineworkers

    The issue of health and safety has always been a burning issue and Amcu is on record campaigning in this regard. It called for "more serious intervention" to take place at Sibanye Stillwater operations in South Africa.
    Singapore-Kuala Lumpur is world's busiest worldwide  air route

    Singapore-Kuala Lumpur is world's busiest worldwide air route

    New York LaGuardia to Toronto, Canada crept in at eighth place, followed by Dubai to Kuwait in the rich Gulf States. In a top-20 list dominated by Asia, the highest-ranking route outside the region ran between NY and Toronto.
    Many older Americans have active sex lives, survey shows

    Many older Americans have active sex lives, survey shows

    The poll found 18 percent of men and 3 percent of women had used medications or supplements to improve sexual functioning. Although seniors were overall interested in sex, there were some noticeable differences when it came to gender.
  • Analysts See $1.07 EPS for Herbalife Nutrition Ltd. (HLF)

    Several large investors have recently modified their holdings of HLF. 39 funds opened positions while 41 raised stakes. Waratah Limited owns 251,951 shares or 2.5% of their United States portfolio. 11,965 were reported by Utah Retirement.
    Lawmakers vote to convene in special Greitens' impeachment session

    Lawmakers vote to convene in special Greitens' impeachment session

    Greitens' trial for his first felony charge is set to begin May 14, before the start of a special session in the Statehouse. Missouri Governor Eric Greitens is facing the possibility of impeachment following charges filed against him.
    Map: Here's how warm it will get - and when it will rain

    Map: Here's how warm it will get - and when it will rain

    New rainfall amounts between a tenth and quarter of an inch, except higher amounts possible in thunderstorms. But the showers and thunderstorms are possible again on Friday and temperatures will hover in the 80s.
  • Cate Blanchett Talks Harvey Weinstein Harassment and Working With Him On 'Carol'

    Cate Blanchett Talks Harvey Weinstein Harassment and Working With Him On 'Carol'

    Blanchett hopes that Weinstein faces jail time if convicted of sexual harassment. Blanchett, 48, won an Oscar for her role in his 2013 film " Blue Jasmine ".
    Fire breaks out at ISRO

    Fire breaks out at ISRO

    Speaking on when the fire started, the official said, "Smoke was noticed to be billowing from the building during lunch hours". Additional Chief Fire Officer Rajesh Bhatt and other AFES Official rushed to the spot after being alerted about the incident.
    The US now has an ex-WWE wrestler Republican candidate

    The US now has an ex-WWE wrestler Republican candidate

    Glenn Jacobs , better known to WWE fans as Kane , appears to have won the Republican nomination for mayor in the area. Kane declared victory Tuesday night, but it was a VERY close race.it reportedly came within less than 20 votes.
  • Nobel literature prize is shelved for a year after sex abuse scandal

    Nobel literature prize is shelved for a year after sex abuse scandal

    That has left the group with 10 active members - too few, under its rules, to elect new members. On April 13th, institution ran out of a quorum for Nobel Prize in literature.
    PS2 Classics Being Added To PlayStation Now

    PS2 Classics Being Added To PlayStation Now

    While Everspace will normally cost one $29.99 on PS4, PS Plus members can snag the game for $23.99 before it releases on May 22. While PlayStation stalwarts will certainly remember these titles, due to their age, others may not.
    Liverpool fans: Merseyside Police thank supporters for 'exceptional' behaviour

    Liverpool fans: Merseyside Police thank supporters for 'exceptional' behaviour

    The Roma striker appeared to be in an onside position when he burst through the Liverpool back line, played on by Virgil van Dijk. LIVERPOOL chairman Tom Werner has spoken of the joy of securing a "truly deserved" Champions League final place.


Most liked

Public library plans super event for fans of comic books
In the Mahoning Valley, All American Cards and Comics, which has locations at 52 Boardman-Canfield Road in Boardman and at 161 W. Market St.in downtown Warren, plans to give away more than 2,000 comic books between 11 a.m. and 5 p.m.

These 'extreme Cut-Out Jeans' Are The Latest Weird Denim Trend
One person referenced a celebrity would take on the daring trend and the rest of the world would probably just follow suit. Users of the social media platform commented on the jeans, confused as to who would actually "dare to bare".

On the move Most Active Stock trend: T-Mobile US, Inc. (TMUS)
Teachers Advisors LLC owned approximately 0.06% of T-Mobile US worth $34,841,000 at the end of the most recent reporting period. The Texas-based fund Bbt Capital Management Llc have invested about 8.38% of the fund's stock portfolio in T-mobile US Inc.

Shoplifting suspect busted by fingerprint left in Play-Doh
As Homer Simpson would say, "Doh!" A fingerprint left behind in Play-Doh was credited with catching a shoplifting suspect in MA . Police were quickly able to find a match for the fingerprint with the help of the Connecticut Crime Lab.

Delhi University Clarifies Dyal Singh College (Evening) Name Hasn't Been Changed
Javadekar had yesterday said, "We had earlier also asked them (the university administration) to reconsider the move". In 2017, a similar controversy had erupted after various sections questioned the proposal of renaming the college.

Airtel Launched Rs.129 Recharge Pack to take on Jio
This plan was launched with the aim to help BSNL subscribers stream IPL 2018 live cricket matches on their smartphones. The BSNL Rs 187 plan offers unlimited voice calls (both STD and local) along with 100 free SMS per day.

Take-Two Interactive (TTWO) Upgraded to Buy at ValuEngine
Great West Life Assurance Can accumulated 0.03% or 102,054 shares. 26,929 were accumulated by Force Management Limited Co. Finally, Bank of Montreal Can increased its position in shares of Take-Two Interactive by 0.7% during the 4th quarter.

Lightning could push Bruins to the brink
This is not created to pick on Heinen, either, because you could honestly make the case for scratching anybody on that third line. In nearly 18 minutes together this series, the Boston third line has been outshot 16-to-4, out-chanced 9-to-3, and outscored 1-0.

Toyota to test driverless vehicles at Monroe County proving grounds
TRI will lease the site from MITRP , but will be exclusively responsible for its operation and maintenance. As with most automakers working on autonomous vehicles, Toyota has already done all of the easy things.

Can This Stock Price Climb The Ladder: Costco Wholesale Corporation (NASDAQ:COST)?
Zooming in closer, company stock has been -0.24% for the quarter, 4.04% over the past month, and -1.15% over the past week. The stock of Costco Wholesale Corporation (NASDAQ:COST) has "Buy" rating given on Tuesday, December 5 by Raymond James.

Why NBA star James will support Liverpool in UCL final
That is because the three-time National Basketball Association champion and global sports star still owns shares in Liverpool . The club has risen tremendously in value since then, to $1.49 billion in Forbes' most recent valuations last June.

Featured Stock Overview: QUALCOMM Incorporated (QCOM)
Cibc World Mkts Corporation holds 0.02% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 28,830 shares. Hudock Capital Limited Company stated it has 349 shs or 0.01% of all its holdings. 8,907 are held by Hyman Charles D.

North Korea 'moves United States prisoners to hotel' ahead of imminent release
Wang said China is willing to work with North Korea to boost "practical economic and trade cooperation". He had been teaching accounting at the Pyongyang University of Science and Technology known as PUST.

Choose Right Moment for Investing in: Taiwan Semiconductor Manufacturing Company Limited (TSM)
According to 2017Q4 SEC filling the Leon Shaulov decreased its stake in Taiwan Semiconductor Mfg Ltd (Put) ( TSM ) by 18.18%. Its down 0.57, from 2.26 in 2017Q3. 110.65 million shares or 1.73% less from 112.60 million shares in 2017Q3 were reported.

New stat proves just how influential Mohamed Salah has been for Liverpool
Liverpool winger Mohammed Salah has been crowned the Football Writers' Association Footballer of the Year. He will be presented with the trophy at an event in London on May 10.