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.