Jul 25, 2015
TnT Editor

How To Send Or Transfer Money To Friends and Family Through Facebook Messenger Now

Facebook Messenger is a famous instant messaging landscape with 700 million registered users all around the world. Now, Facebook was bringing a new feature Facebook Messenger that lets users send and receive money at no cost. Unfortunately, at the moment this new feature is only rolling out to all U.S. Facebook users only.

How To Send Or Transfer Money To Friends and Family Through Facebook Messenger Now

With few simple steps, you can enjoy this convenient and secure way to send or receive money between friends. Before initiating a money transfer, you will have to register a VISA or Mastercard debit card issued by a U.S. bank to your account. Once done, you can create a PIN number to provide additional security for the next transfer in future. While for iOS users, users can enable Touch ID to handle the added security.

To send money:

  • Open a chat box in messenger with the friend you’re trying to send money to.
  • Tap the “$” icon in the bottom of the chat window, and you will be greeted with a pop out box.
  • Enter the amount you want to send and click “Next”.
  • Tap “Pay” in the top right and add your debit card to transfer.

To receive money:

  • Open the message window from your friend
  • Click on “Add Card” in the message and add your debit card to receive the money for the first time.

It may take approximately one to three business days to proceed to your account depending on your bank, just as it does with other transactions. Facebook Messenger will automatically save your payment details after the initial transfer, however, you can go into your personal Payment setting to manage your payment history by remove or add in debit card to prevent any potential hackers from getting chance to transfer money to their account.

To edit your payment settings select drop down menu at the top of your page Settings”

Facebook was handling million transactions daily on the site for game players and advertisers since 2007, but opening up the doors to peer-to-peer transfer is shaping up to be a real maturity test for the security of their payment handling abilities. Therefore, they have form a team of anti-fraud specialists to monitor the suspicious activities to help keep accounts safe.

Here the Promo video from Facebook:

Source: Facebook

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