For the latest information on how to send or receive money in Messenger, visit our Help Center. Today we’re adding a new feature in Messenger that gives people a more convenient and secure way to send or receive money between friends. This feature will be rolling out over the coming months in the US. It’s easy and
free. To send money:
To receive money:
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. Secure Network A dependable and trusted payments processor for game players and advertisers since 2007, Facebook processes more than one million transactions daily on the site and also handles all the payments processed on Messenger. Incorporating security best practices into our payments business has always been a top priority. We use secure systems that encrypt the connection between you and Facebook as well as your card information when you ask us to store it for you. We use layers of software and hardware protection that meet the highest industry standards. These payment systems are kept in a secured environment that is separate from other parts of the Facebook network and that receive additional monitoring and control. A team of anti-fraud specialists monitor for suspicious purchase activity to help keep accounts safe. The first time you send or receive money in Messenger, you’ll need to add a Visa or MasterCard debit card issued by a US bank to your account. Once you add a debit card, you can create a PIN to provide additional security the next time you send money. On iOS devices you can also enable Touch ID. As always, you can add another layer of authentication to your account at any time. The new payments feature is rolling out in the coming months in the US across Android, iOS, and desktop. Since Meta (META), formerly Facebook, launched its social network in 2004, its features have expanded significantly. The vision of its founder, Mark Zuckerberg, began as a way to take the social dynamics of a college campus and put them online. Key Takeaways
In the site's beginning, students at a small number of elite colleges made profiles consisting of pictures and whatever additional information about themselves they chose to give, and then linked them with their friends' profiles; hence the term social network. Only students with verified email addresses from a list of approved colleges could sign up for Facebook during the early years. Moreover, the site was not monetized; its only funding came from venture capitalists who saw the potential for big returns if the concept caught on nationwide. Since then, the social network has become much more than an online playground for Ivy League college students. In the third quarter of 2021, Facebook earned over $28.7 billion selling online ads, a 33% increase year-over-year. Businesses, organizations, and entrepreneurs pay to have their promotional messages appear on users' news feeds. Only Google makes more money selling ad space online. Facebook made it possible to send money to friends and business associates through the Facebook site with a few clicks of the mouse or taps of the screen as part of Facebook Messenger, the site's instant messaging component. In fact, PayPal's former CEO, David Marcus, defected to Meta in 2014 to oversee Facebook Messenger, as well as launching the company's cryptocurrency Diem. With as much time as people spend on Facebook, it logically follows for users to take advantage of this new feature once they learn about it. The site is making the process of sending and receiving money online simple for anyone with a Visa or MasterCard debit card. With this service, Meta can act as a conduit between your bank and your friend's bank, channeling the money from one to the other. How Sending Money Through Facebook WorksSending money via Facebook Pay through the Messenger app is simple. It takes only seconds once you store your debit card information, which you are prompted to do on your first use of the feature. The first step is to open a new or existing Facebook Messenger conversation with the friend to whom you wish to send money. You can do this on your home computer, tablet, or smartphone. Once you pull up the conversation, you should see an icon with a dollar sign at the bottom of your screen. Tap or click that icon. The app then prompts you to enter the amount of money you wish to send; do this and then click or tap the Next button. At this point, if it is your first time sending money via Facebook, a screen pops up asking you to enter your PayPal or debit card information. As of summer 2021, the service accepts only debit cards, not credit cards, and your card must be a Visa or MasterCard. Enter your card number, expiration date, validation code, and billing zip code. Next, click or tap the Pay button. The process is now complete. The app transfers the funds to your friend right away. If you use an online banking app, you should see the money removed from your available balance within minutes. The site stores your debit card information, so you do not have to enter it each time you wish to send money via Facebook Messenger. For those concerned with having financial information stored on a third-party server, Meta provides an information page where you can read about its security protocols. The site claims to use multiple layers of hardware and software protection on its servers. Receiving Money Via Facebook MessengerReceiving money via Facebook Messenger is even easier than sending it. When a friend sends you money, you receive a Facebook notification, similar to what you receive when a friend sends a regular message. If your debit card information is already stored in the app, there is no action that must be taken on your end. The money is transferred instantly; the notification simply lets you know it is on the way. When a friend sends you money on Facebook and you have yet to provide your debit card info, the notification you receive upon payment from your friend includes an Add Card button. Tap or click it, and the same prompt appears to enter your card information. Once you submit this information, the app completes the transaction. When you send or receive money in the future, your card is already stored, and you do not have to enter it again. Though the money is transferred instantly, it may, depending on your bank, take a day or longer to appear in your available balance. Different banks maintain different hold time rules for electronic deposits. How Meta Makes Money From This FeatureMeta imposes no charge to send or receive money via Facebook Messenger. The company makes no money directly with this feature. However, the financial incentive of this first move was to encourage and ease users into storing their payment information on the site, as well as process transactions. On Nov. 12, 2019, Facebook launched Facebook Pay, making it possible to process transactions across its platforms, including Instagram and WhatsApp. Rolled out the week it was announced, the service was available "for fundraisers, in-game purchases, event tickets, person-to-person payments, and select Pages and businesses on Facebook Marketplace" with plans to extend services. Those users who took advantage of the send and receive money feature, and thus have their payment information stored on the site, can buy the advertised product with a single click of the mouse or tap of the screen. Impulse buying becomes easier and much more tempting when users do not have to fish their credit cards from their wallets and enter payment information for every purchase. In this regard, Meta stands to make a lot of money, albeit indirectly, from its send and receive money feature. How does FB Pay work?Facebook Pay is a payment method customers can use to buy your products. Facebook users who want to use Facebook Pay start by adding their payment, shipping and personal information to the Facebook app. Then, when they buy your products on social media or your business website, they can choose Facebook Pay at checkout.
Can you send Facebook Pay to anyone?With payments in Messenger, you can securely send and receive money with friends in chats. Learn how to add a payment method, split payments in group chats, and keep your account secure with PIN-protected payments. For information on Marketplace, donations, ads, or game payments, visit the Payments help center.
Why can't I send or receive money on Facebook?If your payment to a friend in Messenger isn't working, it may be because: Your friend doesn't live in the US. Your friend isn't at least 18 years old. Your friend doesn't have a payment method linked to their account.
Can I transfer money from Facebook Pay to cash App?Can you send money from Facebook Pay to Cash App? Yes. You can link Cash App to Facebook Pay using a cash card. You can get a cash card through the app.
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How to send money with facebook pay
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