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by krn 2554 days ago
> Accounts are verified with government-issued ID, so you know people are who they say they are. Facebook and WhatsApp account information are also used when available to verify identity and prevent fraud.

What could be a bigger achievement for an ad company than being able to track all transactions between its users and customers? That's why your payment account will be associated with your social account. What Facebook is doing here, it's providing a lower-margin (payment processing) service for free to grow its higher-margin (ad targeting) business.
1 comments
hnarn 2552 days ago
> Aside from limited cases, Calibra will not share account information or financial data with Facebook, Inc. or any third party without customer consent. For example, Calibra customers’ account information and financial data will not be used to improve ad targeting on the Facebook, Inc. family of products

https://scontent-ams4-1.xx.fbcdn.net/v/t39.2365-6/65083631_3...

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krn 2547 days ago
> without customer consent

Which every customer will give by agreeing with carefully crafted "Terms and Conditions".

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