Even though Instagram hasn’t said a word about its nes payments feature, which appears to be widely rolling out in the US, we know a little about it. Head to your Instagram Settings and you’ll see a a new option to add a credit or debit card. There’s not much you can buy with it yet, but the possibilities are almost endless.
The Payments UI has three tabs. Activity shows the things you’ve recently purchased on Instagram, which should be blank for everyone right now. Next is Profile, where you can add cards and contact info. Finally, there’s the security tab where you can add a PIN to prevent unauthorized Instagram purchases. As for what you can purchase, Instagram hasn’t unlocked this feature for most businesses. Apparently, some restaurants that work with the reservation app Resy have added the option to pay for a booking via Instagram.
You can see some of the screenshots below.
This appears to be hacked up by Facebook Payments. Many of the businesses are active on Instagram. If people have a chance of buying them instantaneously, just like they ‘double-tap’ a picture, Instagram could rake in some serious cash.