The objective of this how to guide is to quickly and easily send (and receive) money through Facebook Messenger.
Hello friends! It’s Frankie here to give you yet another useful trick on Facebook Messenger.
While digital currency and exchanging payments electronically is not groundbreaking these days, PayPal is no longer the only game in town. Facebook has added in a feature to send and receive money through their Messenger.
You might not have even known that this function has actually been around since 2015. It is slowly rolling out to users on a global scale, but it is still very much in the early stages of existence in markets like the United States and being tested in the UK.
Boasting high security measures in their pin-based protection system, users can make transactions with this service for free. It can be used with your friends and family you have in the social media list, or with virtually anyone you need to exchange money with.
To use it on your Android, Apple or desktop device, you can follow the upcoming steps. Something that is universal though, is the need to have the Messenger app installed on your phone.
One advantage of using Facebook Messenger to send and receive payments is that you can easily split the cost of something with a number of people. E.G If a group discussion led up to an event, you can choose to split a payment between members of that discussion.
Setting Up Messenger Account For Sending/Receiving Money
Below you will find three simple steps to follow in order to set up an account to send or receive money through the Facebook Messenger app.
STEP #1 – Add a Debit Card
Open up the Facebook Messenger App. Tap on the Profile icon and scroll down until you see “Payments.” Tap on this option and then tap on “Add New Debit Card“.
From the Messenger app, click on the Profile icon. Tap “Settings”, then tap “Payments” and finally tap on “Add New Debit Card” to complete the process.
STEP #2 – Start a Conversation
In order to send or receive money through the app, you have to start an active thread with someone. Open a new conversation with the person you want to send money to or request money from.
STEP #3 – Make a Payment or Receive a Payment
By tapping on the three dots in the rectangular box, you can easily see the “Payments” option. From here you can enter an amount that you want to send along with a note describing what payment is for. All you need to do is to tap on “Pay” and the process is complete.
Make sure you have sufficient funds in your account to avoid overdraft charges, bounced checks, and other problems before you make a payment with Facebook Messenger.
Requesting money is just as simple. Tap on the “Request” option on top of the screen, enter an amount you are requesting and why. Tap “Request” and the invoice will be sent.
In its early stages, you can only send money or receive money from those you have in your friends list on the social media site. You cannot use this option for people that are not currently your friends on Facebook.
Is It Safe To Use This Feature?
You will find that this new system is as secure as any other electronic transmission service online right now. It is encrypted and protected with layers of security to keep hackers and identity thieves from finding your sensitive information.
Its easy to be unsettled about this new feature, but it is no different than sharing other aspects of your life on the social media site. You just have to be careful with your information, and trust that huge internet security buffs like Facebook uphold their end of things as well.
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If you are struggling with the payment function of your Messenger or have further questions about this service you need to know, drop a comment down below and we will reach out to you as soon as we can to give you that information.