facebook-messenger-payment-money-transferThe long-awaited moment has finally arrived. After replacing different services used for texting, photo sharing, and video calling, Facebook is ready to challenge PayPal and other money transferring services with its Facebook Messenger.
Today Facebook announced a new payments feature for Facebook Messenger. This service will let you connect your Facebook Messenger with your Mastercard or Visa debit card. By clicking on a simple “$” button, now you can send money to your Facebook friends on the desktop, Android and, iOS. This service won’t cost you extra money transferring charges.
The rival friendly payment app Venmo, owned by eBay’s PayPal unit, charges 3% extra commission fee on each transfer. Facebook will do the same for free.
Facebook said in a news release:
This service will be first rolled out in US in upcoming months and then to the rest of the world. Right now, users can add their card info. The money is transferred instantly. Depending upon your banks and other transfer services, it may take on to three business days to make the money available.
To send money to a friend:
Start messaging a friend. Tap the $ button and type the required amount. Tap the Pay and add the debit card details to complete the transaction.
Open the message with payment and click Add Cart on the message. Add your own debit card info to accept the money.
Facebook is expecting this service to become a huge success because of its vast user-base of 500 million active Facebook Messenger users.
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