How To's

How do I send or receive money in Facebook Messenger?- Sending and Receiving Money Through Facebook

How do I send or receive money in Facebook Messenger?
Written by Bola Ayowumi

Are you looking for Tips on How do send or receive money in Facebook Messenger? Well, you’re in luck because Facebook has a built-in feature that allows you to do just that! In this post, I’ll guide you through the process of sending and receiving money through Facebook.

First things first, make sure that you have a Facebook account and that it’s linked to a valid payment method such as a debit card, credit card, or PayPal account. Once you have that setup, you’re ready to start sending and receiving money.

To send money, go to your Facebook Messenger app and open a chat with the person you want to send money to. Then, click on the dollar sign icon in the bottom left corner of the chat window. Next, enter the amount of money you want to send and add a note if you want to. Finally, click on the “Pay” button and confirm the payment by entering your Facebook password or using your fingerprint.

To receive money, make sure that the person who is sending you money has followed the same steps above and has sent the payment to you. Once the payment has been sent, you’ll receive a notification in the chat window with a message that says “You’ve received [X amount of money] from [Name of the sender]”. To accept the payment, simply click on the “Accept Payment” button and the money will be added to your linked payment method.

It’s that easy! Sending and receiving money through Facebook is a convenient and secure way to transfer funds to your friends and family. So next time you need to split the bill at a restaurant or pay someone back for a favor, give it a try!

In the first quarter of 2015, Facebook generated more than $3.3 billion in revenue from internet advertising. Businesses and service providers pay for their promotional messages to be displayed on users’ news feeds. Only Google earns more money from selling advertising space online.

In addition to advertising, Facebook is introducing a new feature that allows users to easily send money to friends and business partners through the website’s messaging component, Facebook Messenger.

This new payment feature, being rolled out throughout 2015, is a potential threat to PayPal, which has traditionally dominated this market. In fact, PayPal’s former CEO, David Marcus, left the company to oversee Facebook Messenger in 2014. Given the amount of time people spend on Facebook, it is likely that users will embrace this new feature once they become aware of it.

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How to Send Out Money Via Facebook Messenger

It is worth noting that only Google earns more money than Facebook from selling advertising space online. This is a reflection of the dominant position that these two companies hold in the online advertising industry.

Sending Money through Facebook Messenger is a quick and easy process. To begin, open a new or existing conversation with the friend you wish to send money to on your computer, tablet, or smartphone. You should see a dollar sign icon at the bottom of your screen, which you should click or tap. Enter the amount of money you want to send and click or tap Next.

If this is your first time using the feature, you will be prompted to save your debit card information. Facebook Messenger only accepts Visa or MasterCard debit cards, and you must enter your card number, expiration date, validation code, and postal code. Once you have entered your debit card details, click or tap the Pay button to complete the process.

Facebook Messenger stores your debit card information, so you do not need to enter it every time you send money. If you are concerned about the security of storing financial information on a third-party server, Facebook provides an information page where you can learn more about its security measures.

According to the website, Facebook uses multiple layers of hardware and software security on its servers. After completing the process, the funds are transferred to your friend immediately, and if you use an online banking app, you should see the money deducted from your available balance within minutes.

How to Receive Money Via Facebook Messenger

Receiving money via Facebook Messenger is a convenient and easy way to transfer funds to your friends, family, or anyone in your Facebook network. Here’s a step-by-step guide on how to receive money via Facebook Messenger:

  • Ensure that you have an active Facebook account: Before you can receive money through Facebook Messenger, you need to have an active Facebook account. If you don’t have one, you can create one by signing up on Facebook’s website.
  • Link your debit card: To receive money via Facebook Messenger, you need to link your debit card to your Facebook account. To do this, open Facebook Messenger and click on your profile picture in the top left corner. Then, select “Payment” and follow the on-screen instructions to link your debit card.
  • Accept money from someone: If someone wants to send you money via Facebook Messenger, they need to have their own debit card linked to their Facebook account. Once they have linked their debit card, they can open a conversation with you on Messenger and click on the “$” icon in the toolbar. They can then enter the amount they want to send you, and click “Pay.”
  • Confirm the payment: Once someone has sent you money, you will receive a notification from Facebook Messenger. To confirm the payment, open the conversation where you received the payment and click on the payment to view the details. If you are happy to accept the payment, click “Accept Payment” to add the funds to your account.
  • Transfer the funds: Once you have accepted the payment, the funds will be added to your Facebook account balance. You can then transfer the funds to your linked debit card by clicking on your profile picture, selecting “Payment,” and then clicking “Transfer to Bank.” Follow the on-screen instructions to transfer the funds to your debit card.

It’s important to note that there may be fees associated with receiving money via Facebook Messenger, depending on your location and the payment method used. Additionally, there may be limits on the amount of money you can receive or transfer through Facebook Messenger. Be sure to check Facebook’s terms and conditions for more information.

Frequently Asked Question

To set up Facebook Pay on Messenger, you will need to follow these steps:

  1. Open Messenger and tap on your profile picture in the top left corner.
  2. Tap on "Facebook Pay" and then "Set Up Facebook Pay."
  3. Enter your payment information, including your credit/debit card or PayPal account information. You can also add a billing address if needed.
  4. Review and confirm your payment information.
  5. Create a PIN to use for purchases made with Facebook Pay.
  6. Once your payment information is added and confirmed, you can use Facebook Pay to send and receive money in Messenger.

Note that Facebook Pay is only available in certain countries and regions, and you must be at least 18 years old to use it. Additionally, your payment information is kept secure with Facebook's encryption and anti-fraud technology.

Facebook doesn't advertise any payment limits for its Facebook Pay service. You should be able to send as much as you have available in your checking account

Once you have an accepted payment method linked to your account, any money sent to you is transferred right away. Note: It may take your payment provider up to 3-5 business days to post the money to your account. To help keep your account secure, we verify your information before processing payments.

The money is transferred instantly. If you haven't provided your payment information to Meta Pay, you'll get a prompt to enter the information. Once you enter it, the app completes the transaction.

Which payment methods are supported by Facebook Pay? Facebook Pay allows for various payment options when it comes to Meta ads. You can use credit or debit cards, such as American Express, Discover, Mastercard, Visa, and JCB, as well as PayPal. Additionally, users in supported countries can use their bank accounts for direct debit payments. In some countries and currencies, Facebook Pay also supports local manual payment methods.

As of September 2021, the top destinations with full access to Facebook Pay across multiple platforms are:
  • The United States.
  • The United Kingdom.
  • US Virgin Islands.
  • Thailand.
  • Switzerland.
  • Sweden.
  • Spain.
  • South Africa.

About the author

Bola Ayowumi

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