Facebook plans to launch its own cryptocurrency next year, and one stated goal is to allow more people to send money to each other over the internet. Show The company last month announced Libra, an open-source digital currency, and Calibra, a Facebook digital wallet that can be used to store and exchange Libra. These two projects are key initiatives for Facebook as the company seeks to embed itself further into the digital lives of its users. But you don't have to wait until 2020 if you want to send money to your Facebook friends. Facebook actually introduced the ability to send and receive money back in 2015 as a feature for its Messenger app. If you've ever used Venmo or Square Cash, Facebook's service works similarly. Though the feature has never quite become a hit, it's still available and useful for sending and requesting money from friends. Facebook has allowed users to send and receive money via Messenger since 2015. Salvador Rodriguez To do so, open Messenger on your smartphone, go to the Messenger tab on the Facebook desktop website or simply initiate a Messenger conversation with a friend. Look for the $ icon at the bottom of the chat window and tap on it. You'll see a screen pop up with information about this feature where you can tap "Next" or "OK." On the next screen, you'll be prompted to enter how much money you want to send or request. You can also add a text or emoji description of the payment. If you're on a smartphone, you can add an additional decoration layer by swiping from the right of your phone screen. Facebook has allowed users to send and receive money via Messenger since 2015. Salvador Rodriguez Once you finalize the payment, you will be asked to enter a payment method. You can enter either a debit card or a PayPal account. After you've sent money to a friend, the recipient will be notified about the payment and prompted to enter a debit card to accept it. The money will be made available within one to three business days. You can add a pin code security layer to your Facebook payments by going into the settings of the Messenger app on your smartphone. To do this, tap on your profile photo at the top left corner of the screen. Scroll down and tap on "Payments" and then tap on "Pin" to enter your code. This will prompt you to enter your code before it allows you to send someone a payment. Note that while Facebook already offers money exchange over Messenger, Libra is meant to make it easier for people who don't have bank accounts, or who can't easily afford the fees associated with sending money between countries using different currencies. WATCH: Here's how to see which apps have access to your Facebook data — and cut them off  For the latest information on how to send or receive money in Messenger, visit our Help Center. Today we’re adding a new feature in Messenger that gives people a more convenient and secure way to send or receive money between friends. This feature will be rolling out over the coming months in the US. It’s easy and
free. To send money:
To receive money:
The money you send is transferred right away. It may take one to three business days to make the money available to you depending on your bank, just as it does with other deposits. Secure Network A dependable and trusted payments processor for game players and advertisers since 2007, Facebook processes more than one million transactions daily on the site and also handles all the payments processed on Messenger. Incorporating security best practices into our payments business has always been a top priority. We use secure systems that encrypt the connection between you and Facebook as well as your card information when you ask us to store it for you. We use layers of software and hardware protection that meet the highest industry standards. These payment systems are kept in a secured environment that is separate from other parts of the Facebook network and that receive additional monitoring and control. A team of anti-fraud specialists monitor for suspicious purchase activity to help keep accounts safe. The first time you send or receive money in Messenger, you’ll need to add a Visa or MasterCard debit card issued by a US bank to your account. Once you add a debit card, you can create a PIN to provide additional security the next time you send money. On iOS devices you can also enable Touch ID. As always, you can add another layer of authentication to your account at any time. The new payments feature is rolling out in the coming months in the US across Android, iOS, and desktop. How do you send money through Messenger?How do I send or receive money in Messenger?. Open your Messenger app.. Start a chat with the person you want to send money to.. Tap at the bottom of the chat, then tap .. Enter the amount you want to send, then tap Pay.. Tap Confirm [dollar amount] Payment.. If you created a Meta Pay PIN, enter it to confirm your payment.. Does it cost to send money through Facebook Messenger?There are no fees to send or receive money in Facebook messages. This feature is free for everyone to send money to friends and family. If you already have a payment method linked to your account, any money sent to you is transferred right away.
Is sending money through Facebook Messenger safe?The answer is yes. Facebook Pay boasts top-tier security. It encrypts all debit card and credit card data when it is added to the Facebook app.
Why can't I send money on Messenger?If your payment to a friend in Messenger isn't working, it may be because: Your friend doesn't live in the US. Your friend isn't at least 18 years old. Your friend doesn't have a payment method linked to their account.
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Can i send money through facebook messenger
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