"Like other companies in the industry, we are updating and streamlining our billing experience for a very small percentage of advertisers. Meta began announcing the change in early March, sending advertisers notification via email and in-product notices."
"Companies moving to monthly invoicing for payment are assigned a credit line for their advertising spending, showing the maximum amount you can spend across ad accounts and WhatsApp business accounts. Payments are due 30 calendar days from the invoice date."
"Meta will pause advertising and WhatsApp business accounts if the credit limit is reached until a payment is made or the limit is increased."
Meta Platforms is transitioning certain advertisers away from credit card payments to monthly invoicing or direct bank debits effective April 1. The change affects a small percentage of advertisers, while smaller advertisers remain unaffected and credit cards continue to be accepted generally. Under the new invoicing system, advertisers receive assigned credit lines representing maximum spending limits across ad and WhatsApp business accounts, with payments due 30 days from invoice date. Meta began notifying affected advertisers in early March through email and in-product notices. The company declined to specify spending thresholds or the exact number of affected advertisers, describing the change as part of industry-wide billing streamlining efforts.
Read at www.paymentsdive.com
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