Facebook has started it’s new service free friend to friend payments via Facebook. Most of the time when we discuss about splitting bills and lending some money to friends or paying debts, we use different money transfer gateways such as Paypal. Now Facebook has introduced it’s own payment gateway option to make payment more simple as we all use Facebook almost on daily basis, so why to go to some other website to settle your bills between friends. In this process you only need to connect your Visa or MasterCard to Facebook and you can send money by clicking on $ sign to send money on iOS, Android platform even on Desktop although Facebook messenger app is necessary to transfer money. It allows you to transfer money on zero processing fee which is a plus point as all other gateways apply their processing fee. In the beginning it will be available for U.S. users only.
How to Send and Receive Money :
Open messenger and click on the chat box of a friend you want to transfer money. Click on the $ icon there and enter the amount you want to send then click PAY on the top right corner and you are done.
To receive money open the chat from your friend and accept the transferred amount. You have to add your debit card details first before performing both steps. To add additional security you can create a pin after connecting your debit card to messenger.
How to create PIN ?
For additional security users can create secured pin to protect their account by which users can choose to enter pin when transferring the money.
To enable or disable this function go to Settings then click on Payments then you will see PIN below Security there you can enable or disable this function.