Facebook Will Soon Allow You To Transfer Money Using Messenger

Social Networking giant Facebook will soon add payment services in its messenger app. The users will be able to transfer money without any charges, and this will require a debit card from both sides of the transaction. Messenger is likely to become PayPal like payment service.

Facebook Will Soon Allow You To Transfer Money Using Messenger

As of now, Americans are already using payment services for sending and receiving the money by using Facebook Messenger App, so it is believed that this service will be launched in other countries soon. Before unveiling this service in US, Facebook’s CEO and Founder, Mark Zuckerberg said he is interested in taking part in becoming “payments processor”.

“On payments, the basic strategy that we have is to make it — especially in products like Messenger where the business interaction may be a bit more transactional — to take all the friction out of making the transactions that you need,” said Zuckerberg.

Facebook’s Messenger payments are not charging money for making transactions, and it uses PIN based protection including “industry-leading security,”, as per Facebook.

In order to use this service in Messenger, a user is first is supposed to add debit card credentials by clicking on “Profile” and then scrolling down until you see “Payments” option and after that click on “Add New Debit Card”. Moreover, this service also lets you to chat with the person whom you are sending or requesting money.

To make payments using Messenger, tap on “Payments” option and then click on “next” to elude the info screen. You will see “Pay” screen, enter the required amount you want to pay to any user and after that tap on “Pay” to complete the transaction.

As said above, you can also make a request for money, to do that tap on “Request” which is present at the top of the screen, and then you need to specify the amount and the reason, after that you need to again tap on “Request” in order to complete the process.

To send money:

1. Start a message with a friend
2. Tap the $ icon and enter the amount you want to send
3. Tap Pay in the top right and add your debit card to send money

To receive money:

1. Open the conversation from your friend
2. Tap Add Card in the message and add your debit card to accept money for the first time

The money you send is transferred right away. It may take one to three business days to make the money available to you depending on your bank, just as it does with other deposits.