Home » News » Tech » Send and receive money using Facebook Messenger

Send and receive money using Facebook Messenger

On Tuesday, facebook made an announcement about a new feature for Messenger which allows users to send and receive money. This feature will work on desktop, iOS and Android in the next few months.

Check also: Facebook’s CEO Mark Zuckerberg and wife Priscilla are expecting their first child

Facebook users who are willing to add their debit card details in Messenger settings can send payments by conversing with a friend.

Simply by selecting the $ icon which will appear in the upper row of the software keyboard, then tap Pay. All facebook users willing to receive money should open a friend’s message and then accept the payment, just similar to bank deposits, payment which normally take up to 3 work days to mature.

As for now Facebook users can only add their debit card details, in order to minimize fraud and avoid fees. (Popular peer-to-peer payments app Venmo lets users add credit cards but charges a 3% fee on each transaction.) however users are already paying for various things like hotel bills and rent.

messengerFor this new Facebook messenger payments feature!

Was to aswell get users to stay on the social platform for longer time. Facebook is still the second-most visited site globally and domestically led by Google, however all Internet companies grow faster when members spend long time using their services.

Check also: A young Mark Zuckerberg Trying To Talk About Facebook On CNBC in 2004
Facebook is now a competitor with paypal but the good news is that both are willing to work together to make it easier for people to send and receive payments on both paypal and on Facebook platform, they have similar technologies and do the same things like venmo does, venmo makes free transfers with most debit cards.


Check Also;



This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards




About lukwago J

Posted by LUKWAGO. J: He's a writer, editor, blogger, affiliate and a web developer, he loves thinking creatively and finding new ways to implement different programming ideas.

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.


Check Also

UN General Assembly To Address AI’s Potential Risks

UN General Assembly To Address AI’s Potential Risks

The UN General Assembly will turn its attention to artificial intelligence weighing a resolution that ...