How to Send and Receive Money via Facebook App – Guide
Facebook plans to launch its own cryptocurrency next year. One stated goal is to enable more people to send money to each other over the Internet. Last month, the company announced Libra, an open-source digital currency, and Calibra, a Facebook digital wallet where Libra can be stored and exchanged. These two projects are important initiatives for Facebook, as the company seeks to integrate even more 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 introduced the ability to send and receive money as feature for its Messenger app in 2015. If you’ve ever used Venmo or Square Cash, the Facebook service works in a similar way. even though feature never picked up, it’s still available, and it’s useful for sending or requesting money from friends.
How to Send and receive money via the Facebook app
how to send money
Sending money with Facebook is almost as easy as sending a private message. Whether you send via the Messenger app or the Facebook website, these are the steps:
your first payment
To use Messenger Payments for the first time, you will need to provide funding information. It’s easy to submit this information during the checkout process, but you can also add or change funding methods in your Facebook settings. To add a funding method, you must enter your debit card number or PayPal account information, as well as any other required information. You also have the option to set up a personal identification number (PIN), which can help prevent unauthorized payments. Choose a code that is difficult to guess and that no one else knows. If you want additional security, you can order fingerprint matching or facial recognition on some devices.
how to receive money
When you receive a payment, Facebook immediately sends the money to your linked debit card or PayPal account. However, it may take up up to three business days for the money to appear in your bank account.
Final note
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