Everything you know about Instagram checkout features for storing payments

A few days back Instagram announced a significant step forward for shopping: checkout. Checkout makes it fast and secure for people, who wish to purchase the products they find on Instagram. With checkout, you can save your payment information with Instagram to do shopping more quickly. In return, retailers are charged for using the services. More than 20 brands adopted “Checkout” feature to start selling their brands that include Nike, Adidas, Dior, H&M, MAC Cosmetics, Prada, Uniqlo, Warby Parker, and Zara.

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The Items which are eligible for checkout will have a big blue “Checkout on Instagram” button below them. Tapping on the item or product will ask the user to provide an email address so that the seller can complete your order. From there, The customer has to enter delivery information and select payment method, and after reviewing his/her details they can place the order.

Earlier, In order to accomplish a purchase, Instagram has asked using a pop-up web view on the retailer’s site, where users are more likely to quit their shopping carts in difficulty. Instagram believes that enabling people to make their purchases in the app will encourage them to shop more and to create a new business for parent company Facebook, which has recently signaled that it expects e-commerce and payments to represent the future of the company.

For now, The customer payment information is stored with Facebook and only be used on Instagram. But it’s easy to imagine Facebook letting you use your credentials elsewhere in its family of apps. (The company is also working on an individual payments product that comprising the blockchain technology and WhatsApp) In the meantime, Facebook says it won’t bestow your payment information with any other users or retailers.

Instagram holds shopping describes a huge new business opportunity. It also said that every month 130 million people tap on product tags in shopping posts.“Checkout is just one part of our long-term investment in the shopping,” the company said in a blog post. “We’re excited to introduce even more ways for people to enjoy shopping on Instagram this year.”

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