How to Send and Receive Money via Facebook Messenger – Paying and being paid among friends in chats is now a safe and easy option, thanks to Facebook Messenger’s payment feature.
There’s more to Facebook Messenger than just chatting. Facebook Messenger now supports monetary transactions, so you can pay and get paid by pals.
Facebook Messenger is available for desktop and mobile use, with the latter allowing for in-app purchases. There are no fees associated with making or receiving a payment.
Sending and receiving payments over Facebook Messenger has the added benefit of facilitating cost distribution across many parties.
Those participating in a Facebook event discussion can, for instance, reimburse the person who takes charge of booking and paying the associated fee.
Requirements to Send and Receive Money via Facebook Messenger
- An active Facebook account.
- Fund payments with a U.S. bank-issued Visa, MasterCard debit card, or PayPal account. Some prepaid cards may work, as well.
- All parties involved must live in the U.S.
- You must be 18 years or older.
If this is your first time making a payment using Messenger, you will be asked to verify your payment method and associated bank account.
Payment information can be entered during the checkout process, or it can be added or edited in Facebook’s settings.
You can add a payment method by providing details about your debit card, PayPal account, and anything else asked for.
A personal identification number (PIN) can be set up, giving you another layer of security against fraudulent charges. Pick a password that is difficult to crack and unknown to everyone else.
Some devices allow you to add an extra layer of security by requiring a fingerprint or facial scan.
Furthermore, always check your bank balance before making a payment using Facebook Messenger to avoid overdraft fees, returned checks, and other inconveniences.
How to Send Money via Facebook Messenger
When using Facebook Messenger, sending money is virtually as simple as sending a personal message.
All you have to do is follow these measures, regardless of whether you transmit via the Messenger app or the desktop version of Facebook:
- Launch your Messenger app or tap the messenger icon on the Facebook desktop website.
- Initiate a chat with the person you want to send money to.
- Locate the $ icon at the bottom of the chat window and click on it.
- 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.
How to Receive Money via Facebook Messenger
You can accept payments with a credit or debit card or a PayPal account, but only if you link them. Any further payments will be sent to the linked account as soon as you link an account.
Facebook immediately transfers payments to a debit card or PayPal account. However, please note that it could take up to three business days for the funds to appear in your account.
How to Link a Debit card or PayPal to Facebook Messenger
Linking to Facebook Messenger’s Mobile App:
- Launch the Messenger app on your Android or iOS device.
- Click your profile picture.
- Tap Facebook Pay.
- Tap Add New Debit Card or PayPal.
- Choose the Payment Method of your choice.
- Then, follow the on-screen instructions to link your account.
Linking to Facebook Desktop Website:
- Visit the Facebook official website.
- Sign in to your account.
- At the upper right corner of your Facebook homepage, tap Account or your profile photo.
- Click Settings & Privacy, then tap Settings.
- Locate Facebook Pay and tap it.
- Click Add Payment Method.
- Choose the Payment Method of your choice.
- Then, follow the on-screen instructions to link your account.
Is it Safe to Send and Receive Money via Facebook Messenger?
Facebook assures users that their financial and personal details are safe. Though, it’s prudent to use caution if cash is involved for fear of fraud or other issues. Recommended safety measures include:
- Privacy
- Account Security
- Account Monitoring
- Beware of Fraud
- Data Security
How much does it cost to Send Money via Facebook Messenger?
Free, if you want to transfer or receive money on Facebook Messenger, you won’t have to pay any fees.
Transferring funds to loved ones is as easy as sending a message. Your funds will be transferred immediately if you have a payment method linked to your account.
Why can’t I Receive Money on Messenger?
If you’re having trouble sending money to a friend through Messenger, it could be for a few reasons: Your buddy doesn’t reside in the United States, the age requirement for your acquaintance isn’t met, and A valid payment method has not been added to your pal’s account.
What is Facebook Messenger’s Maximum Transfer Amount?
The maximum transfer amount (verified) on Facebook Messenger is $9,999.
How long does it take to get Money from Facebook Messenger?
Currently, Messenger payments are only accessible to users in the United States. Any funds sent to you will be deposited instantly once a valid payment method has been added to your account.
Please be aware that it may take your financial institution anywhere from three to five business days to process and deposit the funds.
Thanks to the various available money transfer apps, you may send money to a loved one in a few minutes. But Facebook Messenger allows you to send and receive money without leaving the Messenger app or site.
Also check: What Bank Does Cash App Use For Plaid? (Steps to link your bank in Cash App with Plaid – 2022)
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