How to Edit or Update a Payment Method on Facebook for Paid Ads

To keep your Facebook Ads running like clockwork, you need to keep your payment information current. Below is a quick guide to help you manage your payment methods. 

Make Sure You Have Admin Permission

If you are the person in charge of managing the payment information on Facebook, you’ll need admin-level permissions. So, you or someone else will need to grant you admin access to change or update the payment. 

Follow These Steps to Update Your Facebook Payment Information

  1. Go to your payment settings in Ads Manager.
  2. In the Payment Methods section, click on the three dots (…) on the side of the payment method under the payment method section.
  3. Select the Edit option.
  4. Make your changes and then click Save.

Your payment method is updated.

How to Add a Payment for Facebook Ads

When you create a Facebook paid ad, Facebook will prompt you to add a payment method before publishing your first ad. Make sure that your payment method is approved by Facebook before adding it. 

Follow these steps to add a new payment method to your Facebook Ads account.

  1. Go to your Payment Settings.
  2. In the Payment Methods section, click Add Payment Method.
  3. Select the payment method you want to add and click Next.
  4. Follow any additional instructions to add your payment method.

Congratulations, you have added the new payment method to your ad account. You can designate a default payment method if you want to add multiple payment methods.

How to Remove a Payment from Your Facebook Ads

Before removing your payment from Facebook Ads, make sure you are a designated Admin. Also, add another payment method before you delete your current payment method. Here’s how to do it.

  1. Go to your payment settings.
  2. In the Payment Method section, find the payment method you want to remove and click the 3-dot icon next.
  3. Select Remove.
  4. In the Remove Payment Method section, click Remove.
  5. Click Done.

Congratulations, you have removed a payment method from your ad account.

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