I will setup checkout on instagram shopping and facebook shop

When you use this service, you can set up a shop with checkout. Checkout allows customers to buy items directly from a shop on Facebook or Instagram. If you use checkout:

• You incur a selling fee for your sales.
• fb payment processors handle your transactions and usually issue payouts in eight to ten working days.
• fb payment processors appear as the Merchant of Record.

Benefits

Here are a few reasons why checkout can be valuable to your business:

• Once a customer enters payment and delivery info for purchase on Facebook or Instagram, we remember their payment information so they don't need to re-enter it each time they want to buy something. They also don't need to create any new accounts to complete a purchase.
• Facebook store payment information securely. With their protected payment info in one place, customers can complete purchases without needing to log in to a different website..
• Facebook ensures that images and descriptions for each product are consistent, which lets customers have a good experience with your business on our platforms.