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In this video tutorial, the presenter explains how to change the payment method for a Facebook ad account. To begin, access Meta Business Suite (formerly Facebook Business Manager) at business.facebook.com and log into your account. Select the relevant Facebook business account linked to your ad account. To modify payment settings, click on "All Tools" on the left, then choose "Billing," followed by "Payment Settings." Here, you can review your previous transactions and current payment method. You have the option to remove the existing MasterCard or add a new payment method, such as a different card or PayPal, to cover your Facebook ads costs.