Meta said the amount paid will hinge on the potential security impact of the bug in question.
Bug bounty programs are a growing trend in cybersecurity, with some companies offering millions in rewards.
Meta boasts one of the longest-running bug bounty programs in the tech industry.
Started in 2011, the program has paid out bounties to more than 1,500 researchers from 107 countries.
Last year, the company paid bounties totaling $2 million.