Facebook Announces Paid Online Events for Small Business Recovery

Facebook announced Facebook Paid Online Events, a way for small businesses, local businesses, creators and others to monetize events on Facebook. Now Page owners can create an online event, set a price, promote the event, collect payment and host the event, all in one place. By combining marketing, payment and live video, paid online events meet the end-to-end needs of businesses. Pages can host events on Facebook Live to reach broad audiences.

Facebook also announced that they would not collect any fees from the events held on Facebook for at least the next year. For transactions on the web, and on Android in countries where Facebook Pay is available, small businesses will keep 100% of the revenue generated.

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