Facebook gave me 550php credit to boost my ad
Hi, I have an online small business in facebook and Facebook offered me a 550pesos credit to boost my facebook post.. I input my paypal account etc. I don’t know if it will be charged or not as I searched in other forums that it is a scam theft by Facebook deceiving people with free credits where in fact you will get charged.
I tried 550 pesos credit and will last for 2 days. I am alsp confused of the 1100 threshold facebook mentioned on my payment status on the boosted post. Can you explain what does it mean? There is also an option to add more days and I have no choice but to choose one, so I chose 140pesos for 1 more day post, so Facebook says “Your total budget is 640pesos and will end on February 20,2018.” So what does this mean? I can only receive the 500 creditif I avail the 140pesos add on? And what does 1100 billing threshold mean? Please help.I dont want topay 1100 pesos. This is the exact words ” Your billing Threshold is 1100pesos, so you’ll also get your bill when you spend your 1st 1100pesos.” please help me asap. Thanks
Pesos is Philippine currency
Your Billing threshold is simply the point where Facebook sends you a bill. If you don’t reach your billing threshold, you’ll be billed automatically at the end of the month.
So in other words, if your threshold is 1100, but you only spend 550, you’ll be charged only 550 at the end of the month.
In my experience, Facebook ad credits are not scams. They genuinely will provide you 550 pesos free to run your ad. Although the offer may be temporary, and may be only be applicable for a single post. Also, when you go to set up the ad, Facebook may encourage you to run the ad longer, and spend a little more money than the credit allocated. It sounds like this may have happened to you.
Just pay careful attention to the ad details, and set your maximum daily or lifetime budget to 550 pesos. Also remember that you can always pause or cancel your ads and you’ll only be charged for clicks you already received. In other words, as soon as you’ve reached 550 pesos worth of ad clicks or impressions, you can ‘cancel’ your ad, and you won’t be charged a penny more.