Meta Verified will cost $11.99 (£9.96) a month on web, or $14.99 for iPhone users.
It will be available in Australia and New Zealand this week.
Mark Zuckerberg, Meta chief executive, said the move will improve security and authenticity on the social media apps.
The move comes after Elon Musk, owner of Twitter, implemented the premium Twitter Blue subscription in November 2022.
Meta's paid subscription service is not yet available for businesses, but any individual can pay for verification.