Newest Facebook Messenger Feature: Send Money to Friends

By Justin Lafferty Comment

payments

While your friend might love Pusheen stickers, Facebook’s latest update to its Messenger app allows friends to send something just as precious: money.

Facebook announced Tuesday that friends can now send money to each other using the app. The feature will be rolling out for Messenger users in the U.S. over the next few weeks on iOS, Android and desktop.

Here’s how to send money:

  1. Start a message with a friend
  2. Tap the $ icon and enter the amount you want to send
  3. Tap Pay in the top right and add your debit card to send money

And to receive money:

  1. Open the conversation from your friend
  2. Tap Add Card in the message and add your debit card to accept money for the first time

Facebook addressed security concerns in a Newsroom blog post:

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.

Readers: Would you use Messenger to send money?

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