Facebook brings mobile payments to Messenger

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How do you send money to your smartphone-using friends? Go old-school with PayPal? Send it through Google Wallet? Are you a Venmo convert? There’s no shortage of options out there, and today we’re adding another to the mix. Last fall, evidence emerged that Facebook appeared to be developing a peer-to-peer payment system that would work through its Messenger app. Today the result of that project goes live, as Facebook announces just such a money transfer feature arriving for Messenger.

As you’d expect, it’s quite straightforward: during a conversation with a friend you need only tap a dollar-sign icon above your keyboard, input the amount to transfer, and hit “pay.” If you haven’t linked a card to your account, you’ll be prompted to then. And your friend will have to add his or her own card in order to receive those funds.

For starters, this transfer system will only be available to Messenger users in the US, where it’s rolling out over the course of the next few months. To use it you’ll need a Visa or MasterCard debit card – there’s no support for pure credit cards.

There’s no fee to send or receive money. The system is coming to both Android and iOS devices, and on iOS it will support TouchID for extra security.

Source: Facebook

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!