Facebook today announced a new feature for its Facebook Messenger app for iOS -- money transfers. It's now possible for Facebook Messenger users to send and receive money right within the app, letting Facebook compete with other money sending services like Venmo and Paypal.
The new money sending feature is free to use. Sending a friend a payment can be done by tapping the "$" icon located on top of the keyboard, which is also where stickers are accessed and photos are inserted. After tapping the icon, enter the amount to send, tap "Pay" in the top right corner of the app, and add a debit card (Visa or MasterCard) to make the payment.
Receiving money can be done by opening the conversation from the friend who sent the money and adding a debit card to accept the money. Funds are transferred immediately when sent through the app, but it can take one to three business days for the money to be made available.
Facebook says that it uses multiple layers of software and hardware to protect its payment systems, and on iOS, the app can be secured with Touch ID.
According to Facebook, the new money sending feature will be rolling out over the coming months in the United States. The Facebook Messenger app can be downloaded from the App Store for free. [Direct Link]
The new money sending feature is free to use. Sending a friend a payment can be done by tapping the "$" icon located on top of the keyboard, which is also where stickers are accessed and photos are inserted. After tapping the icon, enter the amount to send, tap "Pay" in the top right corner of the app, and add a debit card (Visa or MasterCard) to make the payment.
Receiving money can be done by opening the conversation from the friend who sent the money and adding a debit card to accept the money. Funds are transferred immediately when sent through the app, but it can take one to three business days for the money to be made available.
Facebook says that it uses multiple layers of software and hardware to protect its payment systems, and on iOS, the app can be secured with Touch ID.
According to Facebook, the new money sending feature will be rolling out over the coming months in the United States. The Facebook Messenger app can be downloaded from the App Store for free. [Direct Link]
Tags: Facebook, Facebook Messenger
44 comments
In light of its acquisition of the majority of Intel's smartphone modem business earlier this year, including many cellular patents, Apple has shared a letter on its website to reiterate its...
Following the 16-inch MacBook Pro, Apple plans to release a new 13-inch MacBook Pro with a scissor switch keyboard in the first half of 2020, according to industry sources cited by hit-or-miss...
Apple CEO Tim Cook will join Salesforce co-CEO Marc Benioff for a fireside chat at the Dreamforce 2019 conference on Tuesday at approximately 1:30 p.m. Pacific Time at the Yerba Buena Theater. A live...
With Apple's new 16-inch MacBook Pro now in stores, we were able to pick one up this morning to take a look at it and provide MacRumors readers with our first impressions on the new machine.
...
Apple's new 16-inch MacBook Pro models are in stores as of today, and iFixit, a site known for its product teardowns, has purchased one and is going to take it apart.
The teardown is...
A parliamentary committee in Germany on Wednesday passed an amendment to an anti-money laundering law that would force Apple to open up the NFC chip in iPhones to competing mobile payment providers,...
Apple today activated its in-store reserve and pickup system for the new 16-inch MacBook Pro in the United States.
This system enables customers to purchase the 16-inch MacBook Pro on...
Apple is removing all vaping-related apps from the App Store today, according to Axios, shortly after the Centers for Disease Control and Prevention reported 2,172 lung injury cases linked to...
